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Europe and ChinaStrategic Partners or Rivals?$
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Roland Vogt

Print publication date: 2012

Print ISBN-13: 9789888083879

Published to Hong Kong Scholarship Online: September 2012

DOI: 10.5790/hongkong/9789888083879.001.0001

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Conclusion Europe and China after the Global Financial Crisis

Conclusion Europe and China after the Global Financial Crisis

Chapter:
(p.219) Conclusion Europe and China after the Global Financial Crisis
Source:
Europe and China
Author(s):
Roland Vogt
Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789888083879.003.0012

The global financial and European debt crises have altered the structural dynamics between Europe and China. Now, Europe needs China more than vice versa. Chinese competition is making itself felt in Europe in consumer goods and manufacturing, finance, as well as in access to energy and resources. The psychological effect of China's rise on Europe should not be underestimated, as Europe's influence in Asia in general and China in particular is likely to gradually diminish. Yet a too pessimistic outlook for Europe would be premature, as long as Europe's 'soft power' ability to absorb, generate, and debate new ideas remains vibrant.

Keywords:   Global players, Responsibilities, European debt crisis, Anxiety, Relative decline

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