China

Are we ready for another “China shock”?

China’s accession to the WTO in 2001 is considered as one of the largest trade shocks in recent times. Not only did Chinese goods flood world markets, but also during this period the global value chain structure of production with Asia as a pivot was consolidated. Given this previous [...]

Where is China heading to?

In recent months, Chinese companies are witnessing a surge in the amount of regulations they must be subject to. Fines are also growing, albeit to a lesser extent. The so-called crackdown, which is carried out by the Chinese government, is nothing new, but it is indeed more intense. This [...]

Global Spectator, by Andrés Ortega The retreat of the West

George W. Bush, Bush junior, entered the White House in January 2001 on a platform that emphasised a degree of isolationism, deriving from the unipolar episode the US was experiencing. The September 11 attacks that same year awoke him from the slumbers of the strategic snooze the US (and [...]

The end of the world pre-COVID: what do the 2020 results of the Elcano Global Presence Index tell us?

Today we are launching the 2020 edition of the Elcano Global Presence Index. This 11th edition does not yet reflect the effect of the pandemic, so, in a sense, it can be considered a description of the world before the eruption of the pandemic. A world that had, however, [...]

What is at stake for Spain with the new EU-US Trade & Technology Council?

In 1966, the Italian Foreign Minister, Amintore Fanfani, called on Washington, DC, to establish a “technological Marshall Plan” among NATO Member states to cooperate in high-tech areas. It did not succeed though. 55 years later –in June 2021–, the European Union and the United States announced the launch of [...]

Global Spectator, by Andrés Ortega European digital sovereignty: the EU had it, but did not retain it

Let’s go back to the 1990s. It was a time when the EU dominated the mobile phone industry (2G and 3G), had pre-eminent manufacturers of handsets –Nokia was a world leader–, built PCs and accounted for 30% of global manufacturing output of semiconductors, the essential silicon chips. In 2000, [...]

Global Spectator, by Andrés Ortega Does China pose a challenge to our liberal democracies?

The US is embarking upon a strategy of definition against China, based on a broad domestic consensus predating Biden, but that now draws heavily on domestic policy. Beyond this, however, China is the only country with the potential for competing at all levels of power with the US and [...]

Soft power put to the test

Just a few weeks ago, China’s president, Xi Jinping, called for a more “loveable” image for China during the Chinese People’s Political Consultative Conference which was held at the beginning of June. Xi Jinping aims to revamp its country’s image, and “expand its circle of friends”. Chinese president told [...]

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