The opening of China’s economy to compete with other countries and the allowance for foreign businesses to invest in the country led to rapid economic growth because of growing exports and investment from other countries. With China’s entry into the World Trade Organization (WTO) in 2001, its exports and levels of investment increased considerably and in April 2008 the WTO announced that China had become the world's second-biggest exporter of goods, second only to Germany. The US had turned out to be number three. This shows the dramatic growth of China’s economy.
Inhaltsverzeichnis (Table of Contents)
- Is China an economic threat or boon to European trade?
- Threats to European trade
- China's technological development
- China's tendency to acquire foreign intellectual property
- China's advantage in labour-intensive manufacturing
- Opportunities for European trade
- Integration of China into European production chains
- Targeting China's growing middle class
- Leveraging China's environmental protection goals
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper explores the complex relationship between China and European trade, investigating whether China poses an economic threat or presents a boon to European businesses. It examines the potential benefits and challenges stemming from China's rapid economic growth and its impact on global markets.
- China's technological advancement and its implications for European industries
- The role of intellectual property in Sino-European trade relations
- The influence of China's low-cost labor force on European competitiveness
- Opportunities for European businesses in China's emerging middle class and environmental protection initiatives
- The challenges and opportunities of integrating China into European production chains
Zusammenfassung der Kapitel (Chapter Summaries)
The paper begins by outlining the dramatic growth of China's economy and its rising export prowess, particularly in high-technology products. It then delves into the potential threats to European trade posed by China, focusing on its technological development, intellectual property challenges, and the competitive advantage of its low-wage labor force. The paper concludes by highlighting the potential opportunities for European businesses in China, emphasizing the growth of China's middle class, its environmental protection goals, and the benefits of integrating China into European production chains.
Schlüsselwörter (Keywords)
This paper focuses on the themes of European trade, Chinese economic development, technological competition, intellectual property, labor-intensive manufacturing, market opportunities, and the challenges of integration and global competitiveness. The key concepts explored include the role of the World Trade Organization (WTO) in regulating trade, the impact of low-cost production, and the potential benefits of engaging with China's expanding middle class and environmental initiatives.
- Quote paper
- Katharina Häuslein (Author), 2009, Is China an economic threat or boon to European trade?, Munich, GRIN Verlag, https://www.grin.com/document/156702
