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Centre for European Reform

CER Podcast: Can Berlin and Brussels disentangle their economy from China’s grasp?

Centre for European Reform

Centre for European Reform

News

4.452 Ratings

🗓️ 27 March 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

Globalisation may not have gone into reverse, but it is surely changing – and not in Germany’s favour. Encouraged by the US, von der Leyen wants to push ahead with the ‘economic security strategy’, which would seek to limit the export of advanced technologies to China. But Germany worries that the Commission is trying to grab new powers and that it could provoke retaliation or even a trade war with China. In this week's podcast, host Octavia Hughes is joined by Sander Tordoir, senior economist at the CER, and Shahin Vallée, senior research fellow at the German Council on Foreign Relations, to discuss all this and more. Sander and Shahin explain why Germany has such a special relationship with China and the steps the EU can take to mitigate the risks China poses to the German economic model. Music by Edward Hipkins Produced by Octavia Hughes

Transcript

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0:00.0

From the Center for European Reform, this is the CIA podcast.

0:04.0

Poson us seriously the question of the

0:05.9

future that we want, and we all

0:08.0

all together, the courage to it construct.

0:10.5

For us in Germany, is the

0:11.9

Bekenness to the European Europe,

0:14.0

a part of our state's resolve.

0:15.6

A strong united Europe is a necessity for the world,

0:17.9

because an integrated Europe remains vital to our

0:20.1

international order. This is the moment for Europe world because an integrated Europe remains vital to our international order.

0:21.3

This is the moment for Europe to lead the way towards a new vitality.

0:29.1

Hello and welcome to the Centre for European Reforms podcast. I'm Octavia Hughes, host of today's

0:35.0

episode, and I'm joined by Sando Todre, senior economist here at the

0:38.9

CER, and by Shaheen Valley, Senior Research Fellow at the German Council on Foreign Relations.

0:45.1

Today we'll be discussing Germany's economic entanglements with China, a topic on which the two of you have

0:50.6

recently published several papers. So the Commission and the Germans are

0:54.7

at loggerheads over China policy. Encouraged by the US, Bondolion wants to push ahead with the

1:00.7

economic security strategy, which would seek to limit the export of advanced technologies to China.

1:06.9

But Germany worries that the Commission is trying to grab new powers and then it could

1:10.6

provoke a trade war with China.

1:12.3

The Germans also dislike the commission's probe into Chinese exports of electric vehicles.

1:17.5

So to start us off, why is Germany's economic relationship with China so important, both for the country itself and for the EU?

...

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