Past Event

The new silk road: what is in it for Europe

How will the new Silk Road initiative affect the European economy?

Date: January 14, 2016, 9:00 am Global Economics & Governance Tags & Topics

On 14 January Bruegel, will organise an event at the China Europe International Business School in Shangahi to discuss the New Silk Road initiative and its impact on Europe.

China’s soft power is definitively on the rise. One of the key landmarks of such trend is the Silk Road Initiative, announced by Xi Jinping in November 2014. Since ancient times, the Silk Road has been a bridge between China and the West. In the same vein, the New Silk Road initiative and its related policies and funds endorse China’s desire to establish itself as a Eurasian power, connecting East Asia and Western Europe and opening access to Central Asia. How, however, will China’s new strategy impact the European economy?

The aim of this conference is to understand what the new Silk Road Initiative can bring to China and Europe as well as to the economic relations of these two major world players.

The event will be held at The CEIBS Lujiazui Institute of International Finance (CLIIF) in Villa B, No.15, Lane 2525, Riverside Avenue, Lujiazui, Pudong, Shanghai, P.R.China, 200120

Schedule

Jan 14, 2016

9.00- 10.00

Opening Remarks

Caspar Welbergen, Head of Beijing Office, Stiftung Mercator

Pedro Nueno, President of CEIBS

Zhang Xiaoqiang, Executive Vice Chairman and CEO, CCIEE

10.30- 12.30

Session 1. The economics of the New Silk Road

Chair: Jianwei Xu, Visiting Fellow

Gary Liu, Executive Deputy Director, CEIBS Lujiazui Institute of Int’l Finance

Juan Carlos Martinez Oliva, Principal director in Economics, Research, and International Relations, Bank of Italy

Kar-yiu Wong, Professor, University of Washington and International Business University- Beijing

12.30- 14.00

Lunch

14.00-16.00

Session 2. The Political Economy of the New Silk Road

Chair: David Gosset, Director of Academia Sinica Europaea, CEIBS, founder of the Euro-China Forum

Edith Terry, Adjunct Professor, Hong Kong University of Science and Technology

Jean-Francois Di Meglio, President, Asia Centre in Paris

Xue Li, Director, Department of International Strategy of IWEP,CASS

16.00- 16.30

Networking Break

16.30-18.00

Session 3. Collaboration between China and Europe for the New Silk Road project: policy and business considerations

Chair: Alicia García-Herrero, Senior Fellow

Elton Huang, Shanghai Senior Partner, Central China Markets Leader, PricewaterhouseCoopers

Michael McCannon, Head of Asia Treasury Centre, ArcelorMittal

Xu Sitao, Chief Economist, China; Partner, Deloitte

Speakers

Di Meglio pic

Jean-Francois Di Meglio

President, Asia Centre in Paris

Pedro Nueno

President of CEIBS

Alicia García-Herrero

Alicia García-Herrero

Senior Fellow

Elton Huang

Shanghai Senior Partner, Central China Markets Leader, PricewaterhouseCoopers

David Gosset

Director of Academia Sinica Europaea, CEIBS, founder of the Euro-China Forum

Juan Carlos Martinez Oliva

Principal director in Economics, Research, and International Relations, Bank of Italy

Michael McCannon

Head of Asia Treasury Centre, ArcelorMittal

Gary Liu picture

Gary Liu

Executive Deputy Director, CEIBS Lujiazui Institute of Int’l Finance

Edith Terry

Edith Terry

Adjunct Professor, Hong Kong University of Science and Technology

10 APR 2014, BERLIN/GERMANY:
Portraitproduktion MERICS Mitarbeiter
IMAGE: 20140410-02

Caspar Welbergen

Head of Beijing Office, Stiftung Mercator

Wong pic

Kar-yiu Wong

Professor, University of Washington and International Business University- Beijing

DSC_0160

Jianwei Xu

Visiting Fellow

Xu Sitao pic

Xu Sitao

Chief Economist, China; Partner, Deloitte

Xue Li

Director, Department of International Strategy of IWEP,CASS

Zhang Xiaoqiang

Executive Vice Chairman and CEO, CCIEE

Zhao Jinping

Director General- Research Department, Foreign Economic Relations, DRC

Location & Contact

Shanghai

Matilda Sevón

Matilda Sevón

matilda.sevon@bruegel.org +32 2 227 4212

Read about event More on this topic

Past Event

Past Event

Financing the Belt and Road Initiative

The Belt and Road initiative, recently embarked on by China, aims to improve cross-border infrastructure in order to reduce transportation costs across a massive geographical area between China and Europe.

Speakers: Alicia García-Herrero, SUN Mingxi, Jianwei Xu, Alessandro Carano and Sue Anne Tay Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: February 9, 2017
Read article More on this topic More by this author

Opinion

Alicia García-Herrero

China banks in 2017: No rebound in sight, rising risks for smaller banks

Alicia García-Herrero finds it unlikely that risk in the Chinese banking sector will abate any time soon. And the worries are strongest for smaller institutions. However, the chances of a total crisis are low, and proactive decisions now could pay dividends in the medium term.

By: Alicia García-Herrero Topic: Finance & Financial Regulation Date: February 6, 2017
Read article More on this topic More by this author

Opinion

Nicolas Véron

Giving Asia its due in global financial regulation

With US inward turn, China should get a bigger role to bolster system

By: Nicolas Véron Topic: Finance & Financial Regulation Date: January 5, 2017
Read article

Blog Post

Alicia García-Herrero
DSC_0160

Is the UK’s role in the European supply chain at risk?

Will the UK’s engagement in European supply chains be at risk once the UK exits the EU?

By: Alicia García-Herrero and Jianwei Xu Topic: European Macroeconomics & Governance, Global Economics & Governance Date: December 20, 2016
Read article More on this topic

Blog Post

Alicia García-Herrero
DSC_0160

UK-China agreement on trade in services is no substitute for a UK-EU deal

The UK government has high hopes that new trade deals with non-EU states will offer an economic boost after Brexit. But how likely is this to materialise? The authors show that a FTA with China is unlikely to offer much to the UK's prominent services sector. Strong links with the EU will remain vital.

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: December 6, 2016
Read article Download PDF

Working Paper

cover

Reform of the European Union financial supervisory and regulatory architecture and its implications for Asia

This Working Paper reviews recent developments in the EU’s financial supervisory and regulatory architecture with a view to draw out lessons for regional financial regulatory architecture in Asia.

By: Zsolt Darvas, Dirk Schoenmaker and Nicolas Véron Topic: Finance & Financial Regulation, Global Economics & Governance Date: November 17, 2016
Read article More on this topic

Blog Post

Alicia García-Herrero
DSC_0160

Trump could give new impetus to EU-China relations

It is too early to say what the Trump administration’s trade policy will look like – but a total cut-off from Asian partners is unlikely. It would harm the US economy, and offer China even more scope to cement its position in Asia. Nevertheless, with TPP and TTIP both looking unlikely, the EU should move fast to build relationships with China and ASEAN countries.

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: November 15, 2016
Read article More on this topic More by this author

Podcast

Podcast

Opportunities and challenges for EU-China trade relations

How can trade relations between the EU and China be strengthened? How can the current situation be improved, and what are the potential challenges to do that?

By: Bruegel Topic: Global Economics & Governance Date: November 8, 2016
Read article Download PDF More by this author

Policy Contribution

pc-19-2016_page_01

Financial regulation: The G20’s missing Chinese dream

The current fairly peripheral role of China in the global financial regulatory system is increasingly problematic. The system needs a guiding vision in which China becomes much more central – a ‘Chinese dream.’ This paper outlines three clusters of initiatives to achieve a global financial regulatory system in which China holds a major position.

By: Nicolas Véron Topic: Finance & Financial Regulation, Global Economics & Governance Date: October 26, 2016
Read article Download PDF More on this topic

Policy Contribution

pc-18-16

What consequences would a post-Brexit China-UK trade deal have for the EU?

A China-UK free trade agreement has been extensively discussed since the UK’s vote for Brexit. Many supporters of Brexit argue that the UK’s regained flexibility to strike trade deals with other partners, and in particular with China given its economic size, will be a key advantage. This analysis indicates that a China-UK FTA will be neither as easy nor as clearly advantageous as portrayed by Brexit supporters.

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: October 7, 2016
Read article More on this topic More by this author

Opinion

Alicia García-Herrero

The yuan's SDR entry is more symbolism than substance

The yuan's official entry into the International Monetary Fund's basket of reserve currencies on Oct. 1 raised expectations that central banks all over the world would be scrambling to stock up on Chinese money. But the reality is far from that.

By: Alicia García-Herrero Topic: Global Economics & Governance Date: October 7, 2016
Read article More on this topic More by this author

Opinion

Alicia García-Herrero

China's state-owned enterprises reform still lacking bite

China has gone through a remarkable transformation in recent decades but tough reforms have become rare, especially since the global financial crisis. Among the many reforms announced since President Xi Jinping's administration took office in March 2013, the most significant for China's economic outlook undoubtedly will be the reform of state-owned enterprises (SOEs).

By: Alicia García-Herrero Topic: Global Economics & Governance Date: October 4, 2016
Load more posts