Decoupling Chimerica: Consequences for the European Union

Sonja Beer, Jürgen Matthes and Christian Rusche

No 44/2019, IW-Reports from Institut der deutschen Wirtschaft (IW) / German Economic Institute

Abstract: The People's Republic of China experienced a tremendous economic development within the last four decades. The increased economic power and political weight of China are challenging the USA and EU. Furthermore, the strategies used by China for its own development, e.g. broad-based industry policy with distortive subsidization, forced technology transfer or investment restrictions, are perceived as unfair, especially in the US, but to a large extent also in the EU. This development in combination with the trade imbalances are resulting in the current conflict between China and the US. The term decoupling was introduced to describe the cutting off of economic ties between China and the US as a consequence of the conflict. Accordingly, we analyze in this article whether a decoupling is going on. [...]

JEL-codes: E61 F02 O24 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-cna and nep-mac
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:iwkrep:442019

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