EU–China Economic Relations to 2025. Building a Common Future

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EU–China Economic Relations to 2025. Building a Common Future

The EU and China, as the world’s second and third largest economies, share a responsibility in upholding the rules-based, global free trade system and

Publishing date: 13 September 2017
Authors: Alicia García-Herrero Zhang Yansheng Liu Xiangdong Tim Summers K.C. Kwok

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With global uncertainties on the rise, it has become particularly important for the EU and China to find ways to deepen their bilateral economic cooperation.

The EU and China, as the world’s second and third largest economies, share a responsibility in upholding the rules-based, global free trade system and other forms of multilateral cooperation, especially on combating climate change. Starting from this premise, this report sets out the main conclusions of a research project between European and Chinese think-tanks, which addresses the prospects for the EU–China economic relationship through to 2025.

As the report lays out, the two sides have the opportunity to deepen their cooperation in areas such as trade and investment; infrastructure; energy, the environment and the Paris climate change agreement; science, technology, innovation and industrial cooperation; financial services; people-to-people exchanges; and global governance. In this way, the EU and China can help ensure that global development is stable, strong, balanced and sustainable. The report also discusses the numerous obstacles that stand in between further collaboration.

About the authors

Alicia García-Herrero

Alicia García Herrero is a Senior fellow at Bruegel.

She is the Chief Economist for Asia Pacific at French investment bank Natixis, based in Hong Kong and is an independent Board Member of AGEAS insurance group. Alicia also serves as a non-resident Senior fellow at the East Asian Institute (EAI) of the National University Singapore (NUS). Alicia is also Adjunct Professor at the Hong Kong University of Science and Technology (HKUST). Finally, Alicia is a Member of the Council of the Focused Ultrasound Foundation (FUF), a Member of the Board of the Center for Asia-Pacific Resilience and Innovation (CAPRI), a member of the Council of Advisors on Economic Affairs to the Spanish Government, a member of the Advisory Board of the Berlin-based Mercator Institute for China Studies (MERICS) and an advisor to the Hong Kong Monetary Authority’s research arm (HKIMR).

In previous years, Alicia held the following positions: Chief Economist for Emerging Markets at Banco Bilbao Vizcaya Argentaria (BBVA), Member of the Asian Research Program at the Bank of International Settlements (BIS), Head of the International Economy Division of the Bank of Spain, Member of the Counsel to the Executive Board of the European Central Bank, Head of Emerging Economies at the Research Department at Banco Santander, and Economist at the International Monetary Fund. As regards her academic career, Alicia has served as visiting Professor at John Hopkins University (SAIS program), China Europe International Business School (CEIBS) and Carlos III University.

Alicia holds a PhD in Economics from George Washington University and has published extensively in refereed journals and books (see her publications in , , or ). Alicia is very active in international media (such as BBC, Bloomberg, CNBC and CNN) as well as social media ( and ). As a recognition of her thought leadership, Alicia was included in the in 2017 and .
Zhang Yansheng

Zhang Yansheng is currently Senior Researcher Fellow of the Academic Committee of National Development and Reform Commission (NDRC), and Principal Researcher of the China Center for International Economic Exchanges (CCIEE). He is also an adjunct professor and Ph. D. supervisor at Peking University，Renmin University of China, Huazhong University of Science and Technology. He has been awarded “Sun Yefang Prize of Economics Publication”, first prize of Beijing Municipal Philosophy and Social Science Outstanding Works, 1977-1991 Outstanding Works Prize of Chinese Academy of Social Sciences (CASS), first prize of Outstanding Research Achievement of National Development and Reform Commission, and China Development and Research Prize; he also presided over the 9th collective study session of Political Bureau of the CPC Central Committee on November 29, 2008.
Liu Xiangdong
Tim Summers
K.C. Kwok

Theme: Global economy and trade Macroeconomic policy and governance
Keyword: eu governance
Country: China
Language: English