This episode contains segments on the 10th EU-China High-level Economic and Trade Dialogue; on a series of high-level dialogues held between the EU and China in areas including digital policies and the circular economy and on China’s pledge to promote the green development of the Belt and Road Initiative. From the Chamber’s side: join us on 11th October to explore the current landscape of data sharing for enterprises.
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10th EU-China High-level Economic and Trade Dialogue (HED)
1st EU-China High Level Policy Dialogue on Circular Economy
2nd EU-China High-level Digital Dialogue
China’s pledge to promote the green development of its BRI
Chamber event: Battling it out – Decoding the Global Industrial Strategy Race, Episode 3: Data Sharing in the Automotive Industry and Beyond
XINHE: Hello and welcome to China Shortcuts,
XINHE: The 10th EU-China High-level Economic and Trade Dialogue or HED took place on 25th September in Beijing. The two sides discussed a range of economic and financial issues with relevance to their trade and investment cooperation.
MARIANN: The dialogue was co-chaired by European Commission Executive Vice President Valdis Dombrovskis and Vice Premier of the State Council He Lifeng. The European Chamber has been in close and regular contact with both the EU Delegation and the Commission in the preparatory stages for this dialogue. In this context, it has provided input on some of the key challenges experienced by European industry in China – both from a cross-sectoral and a sector-specific perspective. The Chamber welcomes commitments made by the Chinese side to investigate issues that have created market access barriers for European companies in China, and hopes to see tangible steps being taken to address them. In this light, the agreement to ensure easier cross-border flows of non-personal data was seen as a positive.
As EVP Dombrovskis highlighted, the EU-China relationship is at a crossroads. The Chamber hopes that through continued engagement the two sides can navigate a path between mitigating risks where really necessary and strengthening cooperation in areas where it makes sense.
XINHE: The EU and China also held a series of other high-level dialogues in late September on areas including the circular economy, digital issues and water policy.
MARIANN: At the digital dialogue, exchanges were focused on artificial Intelligence and ICT standards as well as challenges experienced by European businesses in the digital field. The two sides signed an action plan to advance the safety of non-food consumer products that are sold online.
At the policy dialogue on the circular economy, the two sides discussed the topics of plastics, batteries and remanufacturing with a view to potentially enhance cooperation in these areas both on the bilateral and on a multilateral level.
XINHE: In a white paper released on 26th September, China pledged to continue advancing the green development of its Belt and Road Initiative or BRI. The pledge came ahead of the 10-year anniversary of China launching the initiative with the stated aim of improving global connectivity and delivering economic benefits through infrastructure development.
MARIANN: The white paper published by the State Council’s Information Office focussed on China’s proposals for the shared future of the global community. In this context, the Chinese Government emphasised its commitment to promote the green development of the BRI in a way that it is aligns with the UN’s agenda for sustainable development.
XINHE: Faced with an increasingly unstable geopolitical and economic environment, industrial policy has become a core component on the agenda for the world’s three largest economies – the United States, China and the European Union. Their strategies and regulations on renewable and low-carbon energy technologies, raw materials and technologies of the future are likely to result in profound implications for global supply and value chains while reshaping industries, especially high-technology sectors such as semiconductors.
MARIANN: The European Chamber has launched an event series on the ongoing global race in industrial strategy, in order to decode its implications on the outlook for both geopolitics and trade, as well as how it may impact the corporate strategies of multinational companies.
XINHE: Join us on 11th October online or in person in Beijing for the third event of the series, which will focus on the EU’s cutting-edge strategies and regulations for data-sharing. Experts will explore how the automotive industry can overcome data sharing challenges and provide a comprehensive analysis and invaluable insights into the current landscape of data sharing for enterprises.
MARIANN: Thanks for listening. We will be back with new episodes after the Golden Week holiday.
XINHE: We wish you a happy Mid-Autumn Festival and National Day Holiday. In the meantime, please find useful links in the episode notes.