German-Chinese Economic Relations in the Context of Current Geopolitical Challenges

In July 2023, Germany adopted a long-expected strategy towards China, its most important (along with the United States) non-European partner. One of the main places in the document is dedicated to the economic and political sphere – foreign trade and direct investment. The ruling coalition has set t...

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Main Author: Vladislav B. Belov
Format: Article
Language:English
Published: Russian Academy of Sciences, Institute of Europe 2023-12-01
Series:Современная Европа
Subjects:
Online Access:http://www.sov-europe.ru/images/pdf/2023/7-2022/Belov-7-23.pdf
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author Vladislav B. Belov
author_facet Vladislav B. Belov
author_sort Vladislav B. Belov
collection DOAJ
description In July 2023, Germany adopted a long-expected strategy towards China, its most important (along with the United States) non-European partner. One of the main places in the document is dedicated to the economic and political sphere – foreign trade and direct investment. The ruling coalition has set the task of reducing the dependence of the German economic space from the Chinese economy, which coincides with the strategic goal of the European Union. The U.S. administration is also interested in weakening cooperation between Germany and the EU with China. However, this approach of national, European and American politicians contradicts the market interests of German business, which remains focused on comprehensive interaction with companies in China. The author analyzes the current state of German-Chinese economic cooperation and assesses the prospects for its development in the context of current geopolitical challenges.
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spelling doaj-art-10da2fa56de54093a1d68c1da8a52a782025-08-20T02:19:11ZengRussian Academy of Sciences, Institute of EuropeСовременная Европа0201-70832023-12-01711112610.31857/S0201708323070094German-Chinese Economic Relations in the Context of Current Geopolitical Challenges Vladislav B. Belov0Institute of Europe Russian Academy of SciencesIn July 2023, Germany adopted a long-expected strategy towards China, its most important (along with the United States) non-European partner. One of the main places in the document is dedicated to the economic and political sphere – foreign trade and direct investment. The ruling coalition has set the task of reducing the dependence of the German economic space from the Chinese economy, which coincides with the strategic goal of the European Union. The U.S. administration is also interested in weakening cooperation between Germany and the EU with China. However, this approach of national, European and American politicians contradicts the market interests of German business, which remains focused on comprehensive interaction with companies in China. The author analyzes the current state of German-Chinese economic cooperation and assesses the prospects for its development in the context of current geopolitical challenges.http://www.sov-europe.ru/images/pdf/2023/7-2022/Belov-7-23.pdfgermanychinausaeuropean unioneustrategyderiskingdecouplingforeign trade
spellingShingle Vladislav B. Belov
German-Chinese Economic Relations in the Context of Current Geopolitical Challenges
Современная Европа
germany
china
usa
european union
eu
strategy
derisking
decoupling
foreign trade
title German-Chinese Economic Relations in the Context of Current Geopolitical Challenges
title_full German-Chinese Economic Relations in the Context of Current Geopolitical Challenges
title_fullStr German-Chinese Economic Relations in the Context of Current Geopolitical Challenges
title_full_unstemmed German-Chinese Economic Relations in the Context of Current Geopolitical Challenges
title_short German-Chinese Economic Relations in the Context of Current Geopolitical Challenges
title_sort german chinese economic relations in the context of current geopolitical challenges
topic germany
china
usa
european union
eu
strategy
derisking
decoupling
foreign trade
url http://www.sov-europe.ru/images/pdf/2023/7-2022/Belov-7-23.pdf
work_keys_str_mv AT vladislavbbelov germanchineseeconomicrelationsinthecontextofcurrentgeopoliticalchallenges