As President Emmanuel Macron gos to Beijing, Alicia García Herrero, Economist, Senior Fellow at the Bruegel Institute and a professional on Asian financial affairs, supplies a plain evaluation of Europe’s tactical position vis-à-vis China. She argues that it’s a challenging geopolitical and financial landscape for Europe: the European Union’s expanding profession deficit with China, anticipated to get to EUR400 billion this year, is not likely to narrow, as Beijing has little incentive to change the inequality and holds dramatically better utilize. Europe additionally continues to be fairly susceptible in essential mineral supply chains and will need to accept allies like Japan. Beijing’s primary passion in fact depends on protecting French influence for its own purposes, particularly concerning Taiwan and the post-war global order.
Source: France 24