Look at the new space of china-eu cooperation from the One Belt And One Road coordinate system

Along the ancient silk road, there was a long history of business contacts between China and European countries. As we all know, the silk road began with zhang qian in the Chinese han dynasty in the western region and later in European cities such as Rome. Human society entered the 21st century, the ancient silk road had of organic exhibition is now the world again, and the development of china-eu economic and trade relations also entered a new stage. Nowadays, the importance of the silk road is more important in the present, which is the foundation for the expansion of more international economic exchanges in China during the new period. Initiative, along with proposed in recent years China area around China and European countries, all the way along the economic relationship between countries development and more attention.

Today’s way is cooperation development ideas and initiatives, depend on China and relevant countries existing multilateral mechanisms, with the help of the existing and effective regional cooperation platform. Just as the third plenary session of the eighteenth “about certain major issue decision” comprehensively deepen reform, emphasized in advance of the silk road economic belt, maritime silk road construction, and form a pattern of all-round opening new. For the development of Chinese economic and trade relations with Europe, either by means of the silk road economic belt construction, or with the aid of maritime silk road construction in the 21st century, all roads lead to Rome, eventually will bring more opportunities to the development of their own. Under the original pattern of economic globalization, China’s more the role of onlookers, followers, and carried out with the construction of the future area all the way, China in the process of economic globalization is bound to play the role of the main participants, not out in the direction of the leading development.

Objectively speaking, if there is no area along the initiative, although also can forward china-eu economic and trade relations, but encountered in the process of development of resistance than no area would want much more, all the way also will be a lot less, all the way to the area of china-eu economic and trade relations is more “extra” development dividend. According to the national development and reform commission on March 28, 2015, the ministry of foreign affairs, the ministry of commerce jointly issued “to promote to build the silk road economic belt and the 21st century the vision and action of the Marine silk road”, One Belt And One Road “throughout the asia-europe continent, one end is active east Asian economic circle, is a developed European economic circle”. Obviously, China’s economic and trade cooperation with European countries is in large part a benign interaction between the two countries that are the most active on the road.

China is a major trading power in the world today, but there is still great potential for economic cooperation between China and the One Belt And One Road countries. Although population base large, but the most area all the way along the country’s economic development level is lower, the purchasing power is relatively less, around China and all the way along the country’s trade development in nature also more. So far, the countries along the One Belt And One Road countries account for 43.4 percent of the global population, which accounts for about 16.8 percent of the world’s GDP.

Import and export trade is a win-win cooperation between China and the area along the countries focus, and European countries it is China’s major trading partners, between the two lines have a wide range of superposition, so to speak. China’s total imports and exports of countries along the “One Belt And One Road” were up 0.5 per cent in 2016, according to the renminbi. Among them, exports to the One Belt And One Road countries were up 0.5 per cent, slightly above the national average, while imports rose 0.4 per cent, slightly below the national average. In contrast, in 2016, trade between China and the area all the way along the countries in the whole foreign trade accounted for 25.7%, including imports and exports accounted for 27.7% and 23.1% respectively. It is not hard to see that the trade development space between China and the One Belt And One Road countries has yet to be further excavated. The import and export trade between China and Europe has performed better than most other countries along the One Belt And One Road. The trade between China and Europe increased by 3.4 per cent in 2016, with exports up 2.7 per cent and imports 4.4 per cent. It is not hard to see that China’s trade with the countries along the One Belt And One Road is reliable as long as the trade relations between China and the European countries are stable.

While it is important for China to develop trade relations with the One Belt And One Road countries, it is more important to combine investment and trade. In this regard, we do have short boards. On the one hand, the amount of direct investment by countries along the One Belt And One Road in 2016 was nearly $7.1bn, accounting for only 5.6 per cent of the total foreign investment. But also want to see, also is in 2016, the investment in China in yuan (also rose only 4.1%, all the way from the area along the country’s time into foreign capital is reduced by 16.5%, 28 countries and the eu investment in China has increased by 35.9%. On the other hand, China’s non-financial direct investment in the One Belt And One Road countries in 2016 was $14.5 billion, or 8.5 percent. By contrast, foreign non-financial direct investment in China increased by 44.1% in 2016. Among them, investment in countries along the One Belt And One Road fell by 2%. At this point, don’t forget that the other end of the One Belt And One Road is the “advanced European economic circle”. In the past year, China’s investment in European countries, in addition to like giovanni cobolli gigli acquisition Volvo, China set up overseas cooperation zone in belarus “stock” project done, such as popular, Chinese investment in Europe “delta” project in moments of too many, such as mergers and acquisitions of beauty Germany robot enterprise library card, nuclear in the UK in the nuclear power project, etc.

From the perspective of the international economic competitiveness of China now, can’t ignore the many challenges presented itself in the international market, especially to pay attention to from the original pattern of international division of labor “to break” under pressure. To this end, in the process of economic and trade relations between developing and European countries, we should strive to overcome the following obstacles.

First, trade frictions between China and Europe have been increasing in recent years. The recent eu anti-dumping case against Chinese steel, which has been the case in recent years, illustrates the growing resistance to Chinese manufacturing in Europe. On December 11, 2016 China’s accession to the wto is the 15th anniversary of the day, and according to the original article 15 accession protocol, whether or not recognize China’s market economy status, and are not able to use in the process of anti-dumping means of country. At this stage, however, the European Union not only denied that China will be eligible for market economy status, and keep adapting country anti-dumping duty for China’s high iron products, constitute the major obstacles in the development of china-eu trade relations.

Second, European companies are investing in China not only in the early days, but also in high levels. Volkswagen, for example, is a win-win, with a joint venture in China in the early stages of reform and opening up. Last year, however, European companies according to a survey by the chamber of commerce of China, while 47% of European companies still intends to expand their business in China, but the proportion plunged 86% compared with 86% in 2013. The complaints about European companies need not be overdone. As China’s economy entered a new norm, the present stage of China’s economic growth rate relative to the slowdown in the recent years, some enterprises adjust business in China is also normal, not to think that China’s investment environment variation. Compared with the early days of the reform and opening up, the investment environment in China is getting better and better, while European companies are complaining more about China’s investment environment. In fact, the subtext of European companies’ complaints in China over the income tax in China is to say that the amount of ultra-national treatment enjoyed has diminished. In fact, the investment environment that European companies face in China is still improving, especially in terms of investment access and infrastructure.

Third, the investment protectionism of Chinese enterprises in European countries is becoming more and more obvious. Although Chinese companies’ “going out” can bring more opportunities to host countries, it is not unimpeded. Although midea’s acquisition of the kuka project was finalized, the process also met resistance from the European Union. At one point, the merger of German osram, a German company, was less than smooth. The German ministry of economic affairs in September 2017 was approved China fujian macro core fund (FGC) acquisition of German ace semiconductor chip equipment makers (Aixtron), but only a month after the German ministry of economic affairs shall withdraw the instrument of ratification.

We are developing economic relations with European countries, even though there is competition, but on the complementary, mutual benefit and mutual win-win cooperation opportunity more, in the area of the chorus all the way, between China and European countries resonate with more opportunities. A few years ago, the European Union has to be high on China’s photovoltaic anti-dumping duties and countervailing duties, but after consultation, in the Chinese commitment to limit price, limit the number of “double limit” after practice, the two sides to properly solve the pv trade disputes.

Standing in the area all the way on the coordinate system of the future will be more promising prospects of the development of china-eu economic and trade relations, and the current priority should be embodies all the way out of area “five” complement each other.

Communication from a policy perspective, the stresses between China and the eu should follow the idea on the mutual recognition, mutual tolerance on appeal, the direction of mutual coordination and mutual butt joint administration. At this stage, negotiations on the china-eu investment agreement are underway, and the two sides should launch negotiations on the china-eu free trade area in the future, at least for the time being. At the same time, One Belt And One Road docking between European countries and is also a kind of communication policy, especially at the present stage emphasize in docking between jean-claude juncker plan all the way and the European Union.

From the point of view of the facility, it is a top priority of One Belt And One Road. As cosco bid for Greek port as well as Chinese enterprises build austro-hungarian propulsion project such as railway, China’s infrastructure construction and management project in Europe involved in efforts to further strengthen. Also want to see, for between China and the eu transport facilities, the use of the Eurasian continental bridge, not only relative to the air freight is helpful to control the logistics cost, and relatively seaworthy can save half the time. Good to do this, to integrate the existing logistics convenience brought about by the central trains, reduce the geographical conditions of cooperation between the central block, to further improve the construction of central economic corridor between.

From the point of view of trade, it should be regarded as the “big one” in “wutong”. In addition to properly solve the trade disputes between China and European countries, even want to find a way to do great cooperation “cake”, the chutian technology companies such as China recently launched against Germany as long as the equipment companies Romaco acquisitions 75.1% stake in the joint. The immediate priority is to accelerate the process of trade facilitation. For trade development, to strengthen the supervision of information exchange, mutual recognition and enforcement of mutual customs cooperation, as well as the inspection and quarantine, certification and accreditation, standards of measurement, statistical information of multilateral cooperation, promote the trade facilitation agreement of the world trade organization came into effect and implementation. Of course, in addition to developing direct trade relations, China and European countries need to work together to promote third party international production capacity cooperation.

From the Angle of financing, infrastructure construction and the development of trade and investment cooperation, is inseparable from the strong financial support and convenient cross-border capital flows. In this regard, the biggest attraction is the establishment of the Asian infrastructure investment bank, as the first to join, many European countries also have the opportunity to become the founding members of investment Banks, to share the dividends of Asian infrastructure construction in the future. Also want to see, with the speeding up of the internationalization of RMB, the European financial centers such as London, Paris and Frankfurt are ready, to become RMB offshore business center.

The cultural and technological exchanges between China and Europe will play an important role in the construction of One Belt And One Road. The social foundation of the “One Belt And One Road” initiative is conducive to the growing recognition of the One Belt And One Road initiative. On the other hand, some of the activities associated with the people’s hearts also have business opportunities. Only in this way can One Belt And One Road be made into a green silk road, a healthy silk road, an intellectual silk road, and a peaceful silk road.

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