{"id":400716,"date":"2024-10-28T12:42:19","date_gmt":"2024-10-28T11:42:19","guid":{"rendered":"https:\/\/www.eunews.it\/2024\/10\/28\/bce-influenza-cina-eurozona-aumenta\/"},"modified":"2024-11-04T16:45:59","modified_gmt":"2024-11-04T15:45:59","slug":"ecb-china-influence-eurozone-increases","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2024\/10\/28\/ecb-china-influence-eurozone-increases\/","title":{"rendered":"“China’s influence on eurozone increases”, ECB experts warned"},"content":{"rendered":"

Brussels – A lot of China in Europe and the eurozone is becoming increasingly Beijing-dependent. <\/strong>The European Central Bank analyses the economic weight of the People’s Republic globally and its influence across borders. The results of the analysis conducted in the occasional paper<\/a> are crystal clear. While the United States remains exposed but is reducing its dependence on the Asian country, the opposite is true for EU\u00a0countries with the single currency. The Eurozone’s exposure to China is increasing.<\/strong><\/p>\n

Data in hand, the ECB notes that China’s share of\u00a0euro area imports has increased by 3 percentage points since 2016, while its share in US imports has declined by 11 percentage points<\/strong>.<\/span><\/span>\u00a0In addition, since 2022, the euro area has had greater exposure to China than the United States.\u00a0<\/span><\/span><\/span><\/p>\n

There is more: the EU needs what it does not have and can currently find in the Chinese market. Not only is\u00a0China\u00a0the main sourcing\u00a0country for 33 strategic goods imported from the euro area<\/strong>, including rare earth, lithium, tungsten, copper, and chromium, but it also “has over 50 percent of the euro area\u2019s import market for 75 percent of these products.”<\/span><\/span><\/span><\/p>\n

There is nothing new with the fact that\u00a0Europe has become too ‘controlled’ by Beijing from an economic point of view. For years, the single, open market has allowed Chinese companies to occupy strategic posts such as ports, raising concerns in the European Parliament\u00a0about\u00a0security. Based on the data collected by the ECB, it is evident how Europeans\u00a0failed to reverse the trend and have even continued to move further into the arms of the People’s Republic<\/strong>.<\/p>\n

The latter is a problem also from the perspective of trans-Atlantic relations. The United States now considers China its main geo-political competitor, and a European rapprochement with Beijing risks compromising relations with Washington, especially if the winner of next week’s elections is Donald Trump, the Republican presidential candidate troubling\u00a0Brussels and other capitals<\/a>.<\/p>\n

Therefore, the situation for the EU and the\u00a0countries with the single currency is unchanged. China is\u00a0too prominent on the economic agenda, more and more so. This leads to a series of implications\u00a0for relations with the United States and the aspirations of strategic autonomy that still seem missing.<\/p>\n","protected":false},"excerpt":{"rendered":"

A study on geopolitical dependencies by the European Central Bank shows an increasing weight of Beijing. Since 2016, China’s share of imports +3 pct points; since 2022, exposure in the euro area has increased<\/p>\n","protected":false},"author":494,"featured_media":400682,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25705],"tags":[26411,26112,28432,25916,26279,28794,26413,26151,25828,26283,28431,27987,26326],"class_list":["post-400716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bce-en","tag-china-en","tag-cina-en","tag-trade-en","tag-ecb-en-2","tag-ue-stati-uniti-en","tag-bank-central-en-en","tag-eurozone-en","tag-importinto","tag-prc","tag-trade-en-2","tag-states-united-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/400716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=400716"}],"version-history":[{"count":5,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/400716\/revisions"}],"predecessor-version":[{"id":401043,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/400716\/revisions\/401043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/400682"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=400716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=400716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=400716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}