Summary of EU–China Economic Relations to 2025

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EU–China Economic Relations to 2025 summary
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Rating

7 Overall

8 Importance

7 Innovation

7 Style


Recommendation

The European Union and China are major global powers, and the potential exists for them to extend their economic ties in ways that benefit both themselves and the world. With the United States backing off on globalization and climate change, China and the EU could collaborate on these matters and more. The authors – respected economists, academics and researchers – provide a granular look at the possibilities emanating from a EU–China economic alliance. Though the report is a bit repetitive in spots, getAbstract suggests it to economists, policy experts, and China watchers for the wealth of detail it offers on the EU–China relationship.

In this summary, you will learn

  • Why China and the European Union would benefit from closer economic ties, and
  • What steps they could take to move toward an economic alliance.
 

About the Authors

Alicia García-Herrero et al. are economists and researchers at European and Chinese institutions.

 

Summary

The 2015 GDPs of the European Union and China – €14.7 trillion [$17.3 trillion] and €9.8 trillion, respectively – fall just below that of the top-ranked United States, at €16.6 trillion. China and the EU are each other’s biggest provider of imports, as well as each other’s second-largest outlet for exports. The following steps could further strengthen their relationship:


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