China-us Trade Frictions Shaping New Equilibriums With The Eu And The Us: Towards A New Multilateralism Or Tripolarism

The book explores the impact of trade tensions between China and the US on the world trade order and the potential for a comprehensive agreement. It highlights China's transformation into an economic superpower and its increasing economic power, which poses challenges to the US. The confrontation between China and the US will favor Chinese expansion into the EU due to the EU's receptive environment for Chinese Foreign Direct Investment and the Belt and Road Initiative. The shift of Chinese attention toward the EU will also change the equilibrium between China, the EU, and the US, leading to the negotiation of new trade agreements and a new multilateralism.

\n Format: Hardback
\n Length: 396 pages
\n Publication date: 14 January 2021
\n Publisher: World Scientific Publishing Co Pte Ltd
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The impact of the recent trade tensions between China and the US on the global trade order is explored in this book. It highlights how parties have reached a deal, known as "phase one," in January 2020, which could lead to a more comprehensive agreement. The adjustments brought about by these developments are shaping new equilibriums and have significant consequences for the world.

After 40 years of economic growth, China has emerged as an economic superpower, rivaling the US in terms of its economic might. This transformation has raised concerns among some countries, particularly the US, which views China's rise as a threat to its predominance and interests. However, it is important to note that China's development and economic power are unstoppable, driven by the ongoing reform process.

The confrontation between China and the US is likely to favor Chinese expansion into the EU. The EU offers a more receptive environment for Chinese Foreign Direct Investment (FDI), as well as shared interests through initiatives like the Belt and Road Initiative (BRI) and the ongoing bilateral investment agreement negotiations. The EU's status as the final destination of the BRI and its convenient trade partner make it an attractive destination for Chinese investment.

The shift of Chinese attention toward the EU will also impact the equilibrium between China, the EU, and the US. This could lead to the negotiation of new trade agreements, as well as a move towards a new world trade order and a new multilateralism. It is possible that this shift could evolve into a tripolarism, with China, the EU, and the US forming the dominant powers.

In conclusion, the trade tensions between China and the US have significant implications for the global trade order. While concerns exist, China's development and economic power are undeniable. The confrontation between China and the US is likely to favor Chinese expansion into the EU, and this shift will impact the equilibrium between China, the EU, and the US. The negotiation of new trade agreements and the move towards a new world trade order are likely to shape the future of international relations.

\n Weight: 712g\n
Dimension: 159 x 236 x 29 (mm)\n
ISBN-13: 9789811225802\n \n