[China-U.S. 2021]China 2: 0 Biden, Europe, also less concerned about the United Front-Hong Kong Economic Times-China Channel-National Conditions

Before the arrival of 2021, two important EU agreements will usher in a breakthrough, one is the Brexit trade agreement, and the other is the China-EU Comprehensive Investment Agreement. Negotiations on the two agreements have started long ago, and they have been delayed for a long time. At the last moment, they reached a sudden turning point. However, the Anglo-Europe Agreement only involves regional games, while the China-EU Agreement affects the overall situation of the world-the “New Romance of the Three Kingdoms” of China, the United States and Europe.

The EU’s “willful” Brexit accident and “big man” to the United Kingdom have something to do with the need for economic rescue during the epidemic. Although the UK relies more on the EU, it is, anyway, the EU’s third largest trading partner. In many European countries, a variant of the new crown virus has recently broken out, and the city has been re-closed. It is no good for everyone in the UK and Europe to shoot and lose.

As for the China-EU Comprehensive Investment Agreement (Comprehensive Agreement on Investment, CAI), the EU’s calculations are also irrelevant to the epidemic. The epidemic has accelerated the changes in the world, so that the “hard-core brothers” of the United States and the European Union do not obey the orders of US President-elect Biden on this issue.

Sino-U.S. 2021 pattern, Chinese Taijiquan fights against Biden

After RCEP, China takes advantage of the victory to chase Biden 2:0

For China, the intention of reaching an agreement with the European Union at this time is quite obvious: to disintegrate Biden’s “longitudinal” with “continuous horizontal”.

Biden’s team argued that the combined economy of the United States, its allies and partners accounted for more than half of the world’s economy, which is enough for China to ignore and have to change.

However, China rushed to complete negotiations with the European Union before Biden took office, undoubtedly aimed at making Biden’s wishful thinking impossible. China has the opportunity to complete the China-EU agreement with the Biden administration fully in the EU, which is equivalent to splitting the Western camp in two, causing the United States’ own “back garden” to catch fire.

The China-Europe Comprehensive Investment Agreement can be said to be China’s victory after the November “Regional Comprehensive Economic Partnership Agreement” (RCEP), once again increasing the difficulty for Biden to unite the Western camp. RCEP includes US allies such as Japan, South Korea, Australia and New Zealand. RCEP and CAI-Asia Pacific and Europe-stabilized China’s “circle of friends” from the east and west, making Biden faced a strategic dilemma before he took office.

Europe is not the U.S. “political junior”

Biden’s unity obstructs the status quo but detrimental to EU unity

As far as the EU is concerned, the considerations of the alliance with China at this moment are more complicated, but in general the advantages outweigh the disadvantages. The agreement was missed when it was originally expected to be announced around the winter solstice. In addition to the EU’s misgivings about China’s labor and human rights situation, there is also pressure from the Biden team to require the EU to coordinate its China strategy with the United States. However, the European Union changed its mind after a week and ignored the US President-elect orders. Why?

The first is because of the epidemic. The COVID-19 pandemic has accelerated the shift in global focus. Not only did China fail to “explode” as some Western voices expected a year ago, but instead became the first major economy to control the pandemic and expect to see growth in 2020. In contrast, Europe and the United States are experiencing a severe recession, and China Forming a trend of declining and increasing, the West is not bright and the East is bright.

The International Monetary Fund (IMF) had predicted in October that the U.S. and Eurozone economies will shrink by 4.3% and 8.3% respectively in 2020, while China will grow by 1.9%. This has not yet calculated the impact of the latest wave of the epidemic.

Wang Yi shouts again in the new year and hopes to resume dialogue with the Biden administration

The December report of the British think tank “Centre for Economics and Business Research” (CEBR) predicted that due to the impact of the epidemic, China’s economy will surpass the United States to become the world’s largest in 2028, five years earlier than expected before the outbreak. The report also predicts that China’s per capita income will rise to US$12,536 or above during the 14th Five-Year Plan (2021-2025), joining the ranks of high-income economies defined by the World Bank. The European economy has already performed flat, but now it has to overcome the drag of the epidemic. How can it miss China’s opportunities?

Second, the agreement can satisfy the EU’s investment demands on China and indirectly promote EU unity. Biden tried to obstruct the China-EU agreement in the name of unity, but in fact, the status quo is not conducive to unity within the EU. Before the China-EU Comprehensive Investment Agreement, EU countries each signed bilateral investment agreements with China. Not only did these agreements lack…

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[Fulltextforsubscribers:Chineseandforeignwide-anglelens——Biden’s strategy to unite Europe in the China-Europe Darfur Investment Agreement is frustrated】

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