The Political and Economic Dynamics of EU-China Relations: An Analysis

Abstract

Political and trade dialogues (1994) between China (Sino) and the European Union (EU) to establish a comprehensive Beijing-Brussels partnership (1995) began at the end of the Cold War with their summit-level meetings in 1998. This politico-economic partnership was founded within divergent historical, sociopolitical and ideological contexts. For example, the EU, a member of the Western Block and a strategic ally of the United States, was very different from China which stood alone as a populous country of the Eastern world with industrial and financial muscle. Despite these differences, the EU upholds Sino-EU partnership which is needed to survive with engagement, especially when politically adverse circumstances arise for the two entities at global stage. China, on the other hand, believes ties with the EU can last because it has invested in neoliberal economic principles that emerged after Mao’s (1970-80) communism. These factors have played a pivotal role in holding and shaping the Sino-EU partnership for global collaboration, which the two entities believe will take them into the future.