Industrial Restructuring in China and in the EU and New Opportunities for China-EU Industrial Cooperation in the Context of a Changing Global Economy
Sun Yanhong ()
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Sun Yanhong: Institute of European Studies
Global Economic Observer, 2017, vol. 5, issue 1, 45-53
Over the past few years, especially after the outbreak of international financial crisis, the global economy has entered in the doldrums and has gradually lost its momentum of returning to sustainable growth. Given that the effects of traditional macroeconomic policies have been much weaker than before, the structural instruments, with industrial restructuring being the core content, attract more and more attention of the governments of both developed and emerging economies. In these new circumstances, both China and the EU have launched their own strategies of industrial restructuring. With the gradual implementation of these strategies, new opportunities have emerged for reinforcing industrial cooperation between China and the EU. However, the negative effects of the increasing uncertainty, especially after the Brexit referendum, should not be underestimated. Both China and the EU should foresightedly reflect on the opportunities and challenges and try to achieve a win-win situation through a more forward-looking industrial cooperation.
Keywords: global economy; industrial restructuring; China; the EU; industrial cooperation (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol5-iss1-17-045
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