Economy of China: New Challenges for the European Union

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Abstract

The issue of the article is the concerns and opportunities arising at the present stage of European Union (EU) and China cooperation. Modern relations are viewed in the historical content of European-Chinese ties and as a part of global economic system. The present scope of EU-China relations is reviewed and organizational framework is described. Benefits and concerns of EU-China cooperation are connected with compatibility and changing states of their economies, dynamics of foreign trade and investments. Sharing the understanding of EU-China ties as partnership and competition mix, author analyses competition issues in bilateral and multilateral aspects. Modern China’s economy is viewed as a result t of century period transition. which started with attempts of capitalist transformation and modernization, was continued as socialist transformation under Mao Zedong, and since Deng Xiaoping reforms entered the period of "reverse" transformation into state capitalism. The interaction of elements within China s modern social system and its controversies are outlined. New current opportunities and threats arising after 2008 global financial crisis are described; the focus is given to strategic directions of EU-China cooperation.
Original languageEnglish
Pages (from-to)15-24
JournalPublic administration = Viešasis administravimas
Volume2
Issue number22
Publication statusPublished - 2009

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Keywords

  • Chinas economy
  • European Union
  • International economy

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