Amid ongoing trade tensions between China and the United States, the European Union Chamber of Commerce in China sees a unique opportunity for China to reposition itself on the global stage. By shifting its focus from the ambitious 'Made in China 2025' industrial policy towards more market-oriented reforms, China could emerge as a more reliable and predictable trade partner.
The 'Made in China 2025' initiative, while successful in certain sectors like e-mobility, has contributed to tensions with foreign companies, leading to concerns about losing technological dominance. The EU Chamber recommends that China prioritize creating a balanced economic relationship with the EU to capitalize on current global uncertainties.
Furthermore, there is a call for the EU to develop an independent China policy, as reliance on American strategies has led to a significant trade deficit and diminished credibility. Meanwhile, the US's lack of strategic clarity allows China to manipulate narratives and present itself as a stabilizing force in international trade.
By embracing reforms and fostering international cooperation, China has the potential to enhance its global standing, attract foreign investment, and mitigate the risks of further economic isolation.
