Chapter

Conclusion Europe and China after the Global Financial Crisis

Edited by Roland Vogt

in Europe and China

Published by Hong Kong University Press

Published in print April 2012 | ISBN: 9789888083879
Published online September 2012 | e-ISBN: 9789882209077 | DOI: http://dx.doi.org/10.5790/hongkong/9789888083879.003.0012
Conclusion Europe and China after the Global Financial Crisis

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The global financial and European debt crises have altered the structural dynamics between Europe and China. Now, Europe needs China more than vice versa. Chinese competition is making itself felt in Europe in consumer goods and manufacturing, finance, as well as in access to energy and resources. The psychological effect of China's rise on Europe should not be underestimated, as Europe's influence in Asia in general and China in particular is likely to gradually diminish. Yet a too pessimistic outlook for Europe would be premature, as long as Europe's 'soft power' ability to absorb, generate, and debate new ideas remains vibrant.

Keywords: Global players; Responsibilities; European debt crisis; Anxiety; Relative decline

Chapter.  3968 words. 

Subjects: Asian History

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