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EU - China trade relations

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13 years ago

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The EU27 had better get used to China's way of doing international business.

Indeed it is a bit naïve by our political masters and bureaucrats to think that China will not do whatever it wishes, member of the WTO or not. China does not care about what others think and when it becomes the most powerful economy in the world, fuelled by its rising domestic market and not exports, things will become increasingly  bad to worse for the EU. Indeed, in time China's economy will grow to three times that of the USA presently and then we will not just see unfair competition, but sheer trade dominance and whatever it takes for their people to achieve the highest living standards in the world. The West is therefore in for a big eye opener over the next three decades and where some would even say an inevitable economic nightmare.

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Comment on EU - China trade relations, by Dr David Hill, Chief Executive, World Innovation Foundation

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