Europe is concerned about China decoupling
October 13, 2021 Leave a comment
The main message of this report is China ‘channelling’ a macro, trade, political and digital decoupling with Europe.
This theme takes some thinking. Many thought China would find friends or solace amongst Europeans amidst a heated spat with the U.S.
Silk Road rhetoric aside, China is taking a binary road instead. Either they are embracing globalisation or nationalistic protectionism. The latter seems to be the current path.
“It is this blend of China’s conditional coupling, a vast state-aid apparatus and protectionism extended to national
champions, and Beijing’s new-found self-confidence in its non-convergence with Organisation for Economic Cooperation
and Development (OECD) norms and principles that is driving the current ‘crisis of interdependence’ with China.”
October 13, 2021
by Rob Zdravevski
rob@karriasset.com.au
#china #oecd #decoupling
