Chinese investment. What the developer was pragmatically arguing for was the need for
more equitable and more transparent rules, and an adaptation to the presumed
departure of a number of Chinese companies from the USA, with a corresponding influx
to the EU, as a result of what we may call the ‘Biden effect’.
While the Global Times had predicted on 24 March, that “those holding ideological
prejudices in the European Parliament would ultimately lose ground to the prevailing
trend within the bloc that advocates for cooperation to fit into the actual development
needs” (Global Times, March 2021), this opinion was a total misunderstanding of the
underlying adherence to values, beyond simple profit margins, that exists within the EU.
The fact that the Global Times followed up its prediction with a warning that, in the case
of a failure to sign the deal, it “could deal a blow especially to EU vehicle manufacturers”,
is indicative of the Chinese negotiating strategy — considerably more stick than carrot.
It is now patently clear that the Chinese view, as expressed in the Global Times, that
there is the “utmost urgency for the EU to return to its China strategy that has proven
to be successful over the past decade”, was not the central problem. As matters stood in
June 2021, it was simply not possible to predict, with any degree of credibility, that in
the future a ‘return to the past’ would occur, or that an improvement in cooperation in
trade within the existing framework, without increased transparency, could take place.
The failure of the CAI should have hammered home the realization that sustainable global
trade would require China, as well as the EU, to make changes. While many of those in
the EU Parliament who voted for the motion remained positive towards developing a new
framework, it was now perfectly clear that there existed a resolve that it would not be at
the price of fundamental European values.
On 30 June 2021, the Pew Research Center published a follow-up survey to the one of
October 2020, that on this occasion covered results from seventeen advanced economies.
In all but one country, Singapore, favourable views regarding the US had increased
significantly. The overall median showed an average favourable view of the US being
61%, while only there was only a 27% favourable view of China, with only Greece and
Singapore having a favourable view over 50%. The negative views of China had
continued unchanged, and in some cases were even less positive than in the previous
survey. For example, broadly negative views of China were found in Japan (88%),
Sweden (80%), Australia (78%) and the US (76%). The only EU member state included
the survey to have a relatively favorable view of China was Greece (52%). As the Pew
Survey notes, “these unfavorable views are at or near historic highs”. At the same time,
confidence in President Xi Jinping remained low, with more than 50% of those surveyed
in Australia, France, Sweden and Canada saying that they had no confidence in President
Xi at all. On the other hand, confidence in President Biden at the time of the survey was
dramatically higher than the figures for President Xi.
However, views regarding the handling of the Covid-19 pandemic rated China as having
done a better job than the US with, among the EU member states surveyed, Greece,
Spain and Italy all placing China considerably higher than the US. But when it came to
choosing with which nation to have closer economic ties, the US outranked China in all
the countries surveyed, apart from Singapore. Among EU member states, Sweden was