“The China-EU Relationship: Trade but Verify”, Alan Riley (CIDOB, Spain)

The EU (and the US) have been extremely naïve in the way they have developed their trade relationship with China. As long as the Chinese Communist Party (CCP) has such an extensive control over the institutions of the state and the levers of the economy there is little likelihood the turn of the century Western hope of a liberal open market China will be realised. Furthermore, the CCP injects such dysfunctionalities into the Chinese economy and state system that China threatens both its own economic well being and security and that of the EU and US as well. This does not mean that the EU and the US should not trade with China. Rather it means that the West has to take measures to protect itself from the damage that China can inflict on it, whilst seeking to encourage China in the direction of trading with us on a normal commercial basis.

Find the whole paper here.