China’s new development paradigm with the domestic market as the mainstay and the internal and external markets reinforcing each other means it will not close its door to the outside world. Instead, China is building an open economy at a higher level while improving its economic resilience and competitiveness.
Their cooperation in international and regional affairs will surely promote the development trend of the world’s multipolarization and the establishment of a fair and reasonable new international political order.
After seven years’ investment of time and effort in reaching this agreement, it would be a pity if it simply came into existence and then brought about no change at all.
If the United States, China, Europe are able to reach a consensus on a new world order in which we can live, compete, cooperate together, the 21st century will be a safe one and will be a prosperous one.
The surge of Europe-China trade is firstly a sign of the Belt and Road Initiative’s success in integrating a continent and consolidating more efficient and effective supply chains, but it is secondly a sign that political stability delivers the most cohesive results.
The group of 17 European countries that joined the China-CEEC Summit has not been very homogenous. Different priorities, histories, sizes and cultures are not ignored.
The world has reached a crucial juncture, and relations among China, the U.S., and the EU have entered an unprecedentedly complicated stage. Opportunities for cooperation and risks of confrontation coexist and carry the same weight.
Cooperation, in a sense, is based on a very simple idea: we are stronger together.
Contrary to the received wisdom of the press, Beijing is not the devil incarnate, and the EU did not sell its soul when it signed the agreement. The investment agreement is far from the zero-sum affair it was described to be. In fact, it offers a number of benefits that extend beyond China and Europe.
Strengthening cooperation between China and the EU will not only help economic complementarity, allow for respective comparative advantages, and improve people’s living standards, but also inject confidence and vitality into the world economy and promote the recovery and growth of the world economy under the impact of COVID-19.
It is very encouraging to see the creation for reaching carbon neutrality by the mid-21st century, and the commitment by Chairman Xi Jinping in this respect is extremely important.
China and the EU do not agree on everything. However, they have shown the capacity for making steps in unison via continuing their dialogue.
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