CHINA ON COURSE FOR EXPANSION, BUT MORE OPENNESS NEEDED
Trade relations with China are good, but there is always room for improvement. According to the analysis by VDMA’s China expert Oliver Wack, we need more protection of expertise, more free trade, and fewer market barriers. And both Germany and the EU need to develop a strategy for dealing with China in future.
STATUS: IT'S COMPLICATED
In a few months, Europe might have to grant China the status of a market economy under international trade law. This might appear just a question of definition, but it has a big impact on the EU's options for protecting its industry against dumping from China.