France’s new president will need China’s cooperation on issues like climate change to balance the US and Russia. But while Macron might open up new channels for Sino-European cooperation, he could also push Europe towards a tougher stance on trade and security issues.
The evasion of VAT for the import of digital services from China is a growing problem for the EU. Rather than waiting for the completion of a European single digital market, loopholes for non-EU suppliers should be closed now.
International students in China have become the latest target in Beijing’s campaign to ensure thought control and political stability. The party-state’s obsession with “ideological security” clashes with its efforts to promote people-to-people exchanges as a key part of China’s global outreach.
Their concern over an increasingly erratic US foreign policy is bringing the EU and China closer together. Yet last weeks’ EU-China Summit also illustrated that this partnership remains limited to selected issues.
China aims to fight growing risks in its financial sector with restrictions on shadow banking assets and interbank lending. But a sudden reduction of liquidity could increase rather than reduce the risk of a financial panic and dampen growth.