{"id":1499,"date":"2024-07-16T10:16:10","date_gmt":"2024-07-16T10:16:10","guid":{"rendered":"https:\/\/eccellenzedimpresa.it\/?post_type=cp_magazine&p=1499"},"modified":"2024-12-17T09:32:05","modified_gmt":"2024-12-17T09:32:05","slug":"china-knocks-on-europes-door-a-step-toward-fragmentation","status":"publish","type":"cp_magazine","link":"https:\/\/eccellenzedimpresa.it\/en\/magazine\/china-knocks-on-europes-door-a-step-toward-fragmentation\/","title":{"rendered":"China knocks on Europe’s door: a step toward fragmentation"},"content":{"rendered":"\n

Fugnoli Kairos Partners SGR: Beijing will try not to lose the European market<\/strong><\/p>\n\n\n\n

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The summit of SCO, the Shanghai Cooperation Organization, was held last July 4 in Kazakhstan. The organization that, in Beijing’s hopes, should become the anti-G7, and group together the most interesting economies of those who, for their own reasons, oppose the West, ended with a new annexation. Aleksandr Lukashenko’s Belarus enters the game, and so SCO ideally arrives at the border of Europe and NATO.<\/p>\n\n\n\n

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In such a framework, the outcome of next November assumes even more significance. After the attack last July 13, Donald Trump’s stock seemed to be solidly on the rise. A victory by him would mean a weakening of NATO. But also, an assertive attitude toward China. And this could also pose problems for Europe, which must find ways to dialogue with the Dragon.<\/p>\n\n\n\n

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\u201cThe American idea,\u201d explains Alessandro Fugnoli, Strategist at Kairos Partners SGR, \u2018is to press Europe with the concept \u2019either with us or against us.’ So far, Europe has decided to be with America. This has happened with Russia. With China, however, it is different. European countries know that they will have to pay a price if they break with China. And Beijing itself will do its best to keep the doors to Europe open as much as possible. If Europe, let’s say, puts in measures for 100, China will respond with measures for twenty. It can afford it because it knows that protectionist measures will increase European domestic prices, and Chinese cars cost a third of ours. If we put duties against Chinese electric cars because they compete with ours European electric cars will cost three times what they might cost if we brought them from China, and then inflation will also be higher.\u201d<\/p>\n\n\n\n

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Politics and economics, in short, are intertwined. Fugnoli points out how: ‘the political choice is to stand with America, even if this will have a certain economic cost. All this, with an EU commission that leaves weakened and will still accept American choices on Ukraine. China, meanwhile, is adopting the tactic of waiting and patience and, above all, keeping relations alive in what will be a strategic zone in the future’.<\/p>\n\n\n\n

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On the sidelines of the SCO summit, Chinese President Xi Jinping also made a series of visits to Central Asia, rare earth territories, and Beijing knows how important this is for the economy of the future. Then there is the steady expansion in Africa and Iran, which is trying to use its alliance with China to become an energy hub at Moscow’s expense. All reasons why, after an era of globalization, if Trump is reappointed to the White House, years of fragmentation and confrontation lie ahead.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":true},"acf":[],"_links":{"self":[{"href":"https:\/\/eccellenzedimpresa.it\/en\/wp-json\/wp\/v2\/cp_magazine\/1499"}],"collection":[{"href":"https:\/\/eccellenzedimpresa.it\/en\/wp-json\/wp\/v2\/cp_magazine"}],"about":[{"href":"https:\/\/eccellenzedimpresa.it\/en\/wp-json\/wp\/v2\/types\/cp_magazine"}],"wp:attachment":[{"href":"https:\/\/eccellenzedimpresa.it\/en\/wp-json\/wp\/v2\/media?parent=1499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}