Digital Economy to play a key role in the future China-EU Economic and Trade Relationship 数字经济将在未来中欧经贸关系中扮演关键角色


Under the motto “Strengthening Policy Coordination, Promoting Sustainable Growth”, the sixth China-EU High Level Economic and Trade Dialogue (HED) was held in Brussels on October 18.  The dialogue was co-chaired by Jyrki Katainen, European Commission Vice-President for Jobs, Growth, Investment and Competitiveness, and Chinese Vice-Premier Ma Kai.


Held at a time when the global economy is debilitated by anemic growth, the HED injected a new impetus to and renewed attention for the future of the economic relationship between the two biggest trade partners in the world.


 Participating Commissioners and Ministers reached consensus on many matters of strategic importance. In particular, the two parties agreed to:


  • strengthen dialogue on overcapacity, which includes a dedicated bilateral platform on steel and a Global Forum on steel overcapacity;
  • 加强在过剩产能问题上的对话,包括成立一个专门的双边钢材平台,以及就钢铁过剩产能建立一个全球论坛
  • conclude negotiations on an agreement on Geographical Indications by 2017, as part of the bilateral investment treaty;
  • 争取在2017年结束中欧地理标志协定谈判,推动中欧投资协定谈判进程
  • continue exploring synergies between the Investment Plan for Europe and the Belt and Road Initiative;
  •  近一步探索“一带一路”倡议与欧洲投资计划的对接
  • deepen the work to identify pilot projects and set up an Expert Group on financing and investment under the framework of the EU-China connectivity platform;
  • 继续推动中欧互联互通平台建设,并在该框架下加快开发试点项目并成立金融和投资专家组
  • launch practical cooperation on the circular economy.
  • 开展循环经济领域的务实合作

Most importantly, the two sides agreed to further strengthen cooperation on the digital economy and the new industrial revolution, promising to establish joint 5G R&D programs and to set up cooperation mechanisms for the development of 5G technology trials, connected cars, Internet of Things and the industrial Internet.


During a press conference at the conclusion of the Dialogue, Vice-Premier Ma Kai noted that China is making preparations for the Third World Internet Conference, to be held on 16-18 November in Wuzhen, Eastern China. This year, the Cyberspace Administration of China (CAC) in cooperation with the Ministry of Commerce (MOFCOM) will host the China-Europe Digital Economy Dialogue, which will provide a platform to discuss the development of the digital cooperation between China and Europe, with a focus on policies, laws, regulations, innovation and digital transformation. The EU side welcomed the initiative and promised to support the event.


Besides high level figures from the Chinese government and the European Institutions, the Dialogue in Wuzhen will also feature representatives from national competition authorities, multilateral institutions and the business community. ChinaEU will chair the business dialogue, featuring leaders of telecom operators, Internet providers and high tech companies.


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