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Wang Huiyao

Wang Huiyao

Wang Huiyao is the founder of the Centre for China and Globalisation, a Beijing-based non-governmental think tank.
Wang Huiyao is the founder of the Centre for China and Globalisation, a Beijing-based non-governmental think tank.
Languages Spoken:
English

Opinion | Europe was happy with the trade rules – until China’s industrial rise

Beijing should not be accused of trade unfairness simply because Chinese companies have become efficient, innovative and globally competitive.

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China’s diplomacy, backed by leverage and guarantees of assistance, could provide a template for contemporary conflicts where a single side cannot carry the day.

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Going global not only defuses the perils of protectionism, it also allows Chinese firms to bring jobs and economic benefits to the world.

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What seems clear from Munich Security Conference talk is an evolution towards a pluralistic world order. We need an effective governance framework.

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By fostering innovation and open markets – particularly in the automotive sector – China and the EU can show how major powers can work together despite differences.

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China can take a lesson from 1980s Japan, which defused bilateral frictions by strategically pivoting towards direct investment in US manufacturing.

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The new US president is likely to negotiate a second-phase trade deal, seek China’s help to end wars, and keep the Taiwan status quo.

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In championing economic inclusivity and strategic autonomy, pioneering financial innovation and promoting peace, Brics is a force for good.

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Related Topics
Climate changeChina economyUS-China relationsTaiwanChina-India relationsChina societyBelt and Road InitiativeSingaporeDiplomacyEuropean Union