Market / Global Economics & Governance / China / EU-China / financial regulation / Investment

China Has an Unfair Advantage in the EU Market. What Can Be Done to Level the Playing Field?

Posted On: Jul 28, 2020   |   Posted By: Bruegel

China Has an Unfair Advantage in the EU Market. What Can Be Done to Level the Playing Field?

This article has originally been published in Brink News .
The dominance of Chinese state-owned enterprises in China's domestic market is giving them unfair advantages in the European Union single market as well. The EU Commission recently released a series of recommendations for leveling the playing field regarding foreign subsidies. Unfortunately, while useful, these ideas are unlikely to be enough to deal with the issue.
Given the urgency of the matter, any solutions need to go beyond trade instruments toward competition ones, which have not been considered by the EU until now. But even so, the wealth of instruments offered to address the issue may prove insufficient for the challenge at stake.
The Sheer Size of Chinese Companies Has a Distorting Effect
The first reason relates to the good functioning of the EU's single market, which requires a high degree of competition. Having companies that operate as monopolies - or make up part of an oligopoly - in other markets, especially ones as large as China's,...

Continue reading ...

 








Cincinnati police locate mother of toddler found alone in Walnut Hills

Cincinnati police locate mother of toddler found alone in Walnut Hills

Cincinnati police have located the mother of the toddler found alone. Read more ...

Russian Grand Prix: Flying Finn Bottas wins in Sochi as penalty costs...

Russian Grand Prix: Flying Finn Bottas wins in Sochi as penalty costs Hamilton dear in bid to equal Schumacher record

A penalty for an infringement before the race had even started cost world champion Lewis Hamilton the chance to equal Michael Schumacher's all-time record for F1 victories as... Read more ...

Falcons top pick Terrell placed on COVID-19 reserve list

Falcons top pick Terrell placed on COVID-19 reserve list

FLOWERY BRANCH, Ga. - The Atlanta Falcons placed first-round pick A.J. Terrell on the COVID-19 reserve list on Saturday, dealing another blow to the winless team's secondary... Read more ...

The Latest: 11th-seeded Goffin knocked out by Sinner

The Latest: 11th-seeded Goffin knocked out by Sinner

PARIS - The Latest on the opening day at the French Open: Read more ...

LIVE: President Trump reveals his Supreme Court nominee

LIVE: President Trump reveals his Supreme Court nominee

President Donald Trump is announcing his pick to fill the seat previously held by Justice Ruth Bader Ginsburg. Read more ...

NASA astronaut plans to cast her ballot from space station

NASA astronaut plans to cast her ballot from space station

“We consider it an honor to be able to vote from space,” NASA astronaut Kate Rubins said. Read more ...

What Amy Coney Barrett's Supreme Court Nomination Means For The 2020 Election

What Amy Coney Barrett's Supreme Court Nomination Means For The 2020 Election

The focus on the court could help energize conservatives in key states. Progressives are fired up, too - immediately after Saturday's announcement, Democrats tied Barrett to a... Read more ...

'It don't mean sh*t': LeBron James helps Lakers to NBA Finals. but remains...

'It don't mean sh*t': LeBron James helps Lakers to NBA Finals. but remains unimpressed until they actually win it

LeBron James says reaching the tenth NBA Finals of his career “don't mean shi*t” unless he can lead the Los Angeles Lakers to the title. James carried his team's load on... Read more ...

Local politicians react to President Trump's Supreme Court nomination

Local politicians react to President Trump's Supreme Court nomination

President Donald Trump nominated Judge Amy Coney Barrett to the Supreme Court on Saturday, capping a dramatic reshaping of the federal judiciary that will resonate for a... Read more ...

Brace for a bitter debate on America's religious freedom in Senate: Goodwin

Brace for a bitter debate on America's religious freedom in Senate: Goodwin

If Amy Coney Barrett is confirmed for the Supreme Court, the credit will go to President Trump for nominating her and the GOP Senate for producing the votes. But Barrett will... Read more ...