{"title":"‘System friction’ in China-EU economic relations and the reaction of the EU","authors":"Herman Voogsgeerd","doi":"10.1007/s10308-023-00667-9","DOIUrl":null,"url":null,"abstract":"<div><p>In the period between 2015 and 2020, we have witnessed an increase in ‘system friction’ in the trade and investment relations between the EU and the People’s Republic of China (PRC). This paper focuses on the meaning of this notion of ‘system friction’, originally coined by Sylvia Ostry and on how the EU and especially the European Commission reacted to this friction. This notion might present an alternative to the notion of ‘system rivalry’. The result of system friction in the relation between the EU and the PRC had been a convergence towards more trade defensive moves. A form of managed trade with help of a ratified Investment treaty between the two sides might be a potential outcome.</p></div>","PeriodicalId":45680,"journal":{"name":"Asia Europe Journal","volume":"21 2","pages":"209 - 223"},"PeriodicalIF":1.6000,"publicationDate":"2023-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://link.springer.com/content/pdf/10.1007/s10308-023-00667-9.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asia Europe Journal","FirstCategoryId":"90","ListUrlMain":"https://link.springer.com/article/10.1007/s10308-023-00667-9","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"INTERNATIONAL RELATIONS","Score":null,"Total":0}
引用次数: 0
Abstract
In the period between 2015 and 2020, we have witnessed an increase in ‘system friction’ in the trade and investment relations between the EU and the People’s Republic of China (PRC). This paper focuses on the meaning of this notion of ‘system friction’, originally coined by Sylvia Ostry and on how the EU and especially the European Commission reacted to this friction. This notion might present an alternative to the notion of ‘system rivalry’. The result of system friction in the relation between the EU and the PRC had been a convergence towards more trade defensive moves. A form of managed trade with help of a ratified Investment treaty between the two sides might be a potential outcome.
期刊介绍:
The Asia-Europe Journal is a quarterly journal dedicated to publishing quality academic papers and policy discussions on common challenges facing Asia and Europe that help to shape narratives on the common futures - including both risks and opportunities - of Asia and Europe. The Journal welcomes academically and intellectually rigorous research papers as well as topical policy briefs and thought pieces on issues of bi-regional interest, including management and political economy, innovation, security studies, regional and global governance, as well as on relevant socio-cultural developments and historical events. Officially cited as: Asia Eur J