China-European union relations: A developing geoeconomic axis
In: Međunarodni problemi: International problems, Band 62, Heft 3, S. 418-462
ISSN: 0025-8555
China and the European Union are very interested in developing their mutual
relations. They strengthen their positions in the world business by their
co-ordinated acting. In their mutual relations, they apply Geoeconomics?
methods. They do not regard each other as a military threat but as one of the
main economic partners. Their economies are highly complementary. ?The common
economic interests? have a decisive role in China EU policy and EU China
policy, respectively. EU is China?s largest economic partner. It is its
largest export market, the largest source of new technologies and equipment
and one of the largest sources for foreign investments. China is the second
important source of industrial products import to EU and the fastest growing
export market for EU. The EU enlargement to the East both favourably and
unfavourably affects China?s interests. The main cause of friction in
China-EU relations is a high Chinese surplus in their mutual trade, high
competitiveness of Chinese products on the EU market and China?s pursuit of
energy sources in the parts of the world that Western countries, including
the leading EU member states, regard as traditionally ?forbidden? such as the
Middle East and Africa. China and EU have created mechanisms to settle
conflicts of interest in their mutual trade through dialogue.