Abstract
The European Union is the most important region for China’s FDI outside of Asia, while the Chinese market has been increasingly important for EU’s trade and investment as well. Therefore, China and EU proposed a Comprehensive Agreement on Investment (CAI) in 2013 to better regulate bilateral investment activities and concluded it at the end of 2020. On the basis of the springboard theory, the CAI can bring some opportunities for China. Firstly, China can seek advanced technologies and talents from EU to further build its core competitiveness and meanwhile, more Chinese capital has been allowed to enter the EU’s market. Secondly, the regulations and standards of the CAI contribute to the systematic reform of SOEs in China as well as the promotion of standardized operation and social responsibility of Chinese firms. Thirdly, it helps to enhance the innovation capabilities and upgrade the industrial structure of China. However, the CAI was not approved by the European Parliament in May 2021, so its final ratification still faces lots of difficulties.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.