Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-545-000"
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"en.20120522.21.2-545-000"2
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"The European Union is the main market for Chinese exports. They rose by 39.5% between 2009 and 2010 alone. On the other hand, China is the EU’s number two trade partner. Furthermore, during the current sovereign debt crisis, China has played an important role through investments made in infrastructure programmes in Greece and its obvious readiness to provide financial support to Spain and Portugal. Therefore, we can no longer talk about an emerging economy, but about a global economic player.
This is why I think that Europe’s strategy on China needs to be reviewed so that it incorporates both the opportunities provided by China’s rapid global ascent and the economic challenges which they entail. It is time to consolidate a partnership based on mutual benefit and, by extension, abandon the competitive mentality. At the same time, the Chinese economy is still failing to fulfil the criteria for a market economy, which makes it difficult for European operators to do business in the Chinese market. This is why I think that the World Trade Organisation is the institutional forum which can be used to redress this situation."@en1
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