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Doing Business with China

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Add to Bookmarks The terms of the West’s economic engagement with China are again in the spotlight, as a result of the European Union’s recent investment agreement with the country and the change of administration in the United States. In particular, can Western leaders balance political and human-rights concerns regarding China with firms’ desire to do more business with it? In this Big Picture, Columbia University’s Jeffrey D. Sachs welcomes the new EU-China Comprehensive Agreement on Investment and hopes for renewed great-power cooperation to end the COVID-19 pandemic and foster a green, digital global

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The terms of the West’s economic engagement with China are again in the spotlight, as a result of the European Union’s recent investment agreement with the country and the change of administration in the United States. In particular, can Western leaders balance political and human-rights concerns regarding China with firms’ desire to do more business with it?

In this Big Picture, Columbia University’s Jeffrey D. Sachs welcomes the new EU-China Comprehensive Agreement on Investment and hopes for renewed great-power cooperation to end the COVID-19 pandemic and foster a green, digital global recovery. But Harvard University’s Dani Rodrik says that because the CAI exposes EU firms to complicity in Chinese abuses and won’t transform China’s economic or political system, the key question is whether it allows Europe to remain true to its own values.

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