In 2018, surprising new constellations emerged. China is currently confronted with a coalition that has never existed before. The U.S., Japan and the E.U. are exerting joint pressure on Beijing to achieve changes in China’s economic system. The European Union may not share Donald Trump’s rhetoric, but it agrees with some key elements of his economic policy goals. The crucial requests of this unprecedented alliance are the abolishment of hidden subsidies and forced technology transfer. Will that be possible? Can China both accept the conditions imposed by the U.S. and its allies and maintain its economic system? Significant players in the European Union have altered their perception of China and are now willing to enter a conflict. German industry, for instance, today supports restrictions for Chinese investors. When pushed, the E.U. will support Washington.
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German Institute for International and Security Affairs
Heribert Dieter holds a doctorate in economics and political science from the Free University of Berlin. He is a senior fellow at the German Institute for International and Security Affairs, Berlin. Since 2013, he is a visiting professor for International Political Economy at Zeppelin University, Lake Constance. He is also an associate professor at Potsdam University. Previously, he served as “principal writer” and “co-director” of two international commissions at the University of Warwick, UK. Dieter has published eight monographs and seven edited volumes, primarily on international economic relations and regional integration. In addition, he has published over 150 articles, including 28 peer-reviewed, in academic journals.
His research focuses on international trade and finance. The future of the multilateral trading system and the stability of the international financial system have been key questions in his research. In addition, he has worked on regional integration in Europe and the Asia Pacific, particularly on supranational financial co-operation. His latest book, published in 2017, analyses the prospects for a “globalization à la carte”, which would enable societies to express their preferences in the design of their countries’ economic policies. In his current research, he analyses the rise of China and consequences for the world.