CHINA CONSTRUCTION BANK SEMINAR SERIES
at the UK Campus of Peking University HSBC Business School
The EU-China Relationship Post-Brexit
Professor Paul Crookes
On Monday, 18 March 2019, a research seminar on the post-Brexit relations between EU-China was given by Professor Paul Irwin Crookes to the CCB Executives as part of a series of weekly seminars which are aimed to showcase the research of leading academics in areas of politics, economics, and finance.
Professor Crookes is a highly acclaimed academic and author. He has published extensively in numerous journals and policy forums. He is also well known amongst think-tanks like Chatham House and RUSI, as well as the EU-Asia Centre in Brussels where he delivered numerous presentations. He is also an expert in engaging the development of EU/china Trade relations at a policy making level.
In his seminar, Professor Crookes touched on several key issues that underscore the relationship between China and the EU. In particular, he talked about how these two major economies, with their respective global interests, are working towards establishing a more committed relationship with each other. Professor Cooke highlighted to the students that the focus of the EU on multilateral relations - a concept that the EU fundamentally believes in – is particularly of importance, especially how it interacts with China’s current and future policies.
Professor Crookes also provided a broad sketch of his analysis on a spectrum of themes of common interest. He explained that the analysis highlighted several underlying problems in the EU-China relationship which feature prominently both in areas of progress as well as in areas of tension. Of interest are the issues regarding political pluralism as well as societal issues like environmental protection, climate change, human rights, and animal rights, just to name a few.
Finally, Professor Crookes took the bankers through a series of case studies looking at the positive and negative aspects of the impact of Brexit, in terms of policy changes for the UK, China, and EU. In addition, Professor Crookes highlighted the areas of progress such as China’s outward direct investment as well as its impact on areas of research and innovation. The bankers are also taken through specific case studies which focused on areas of tension such as how Brexit affects trade and politics.
The CCB Executives found the research seminar very engaging, informative, and especially informative. They can relate to the key issues that have been raised in the seminar such as the restrictions imposed by the Chinese government with respect to Foreign Direct Investments (FDIs), how these restrictions impact the sectors in which investors can invest in, and how this relate to investment opportunities in the EU and the UK.
The CCB Executives are also extremely interested in Professor Crookes’ opinion on how the ongoing trade war with the United States, as well as the impending negotiation of a trade deal between China and the Trump administration, would impact trade deals between China and the EU, as well as between China and the UK. Professor Crookes provided valuable insight on how potential trade deals between China and the US would affect and shape trade deals between China and the rest of the member countries of the World Trade Organisation.
All in all, it was a very informative research seminar and the CCB Executives certainly learned a lot from Professor Crookes.