@inbook{e77cff3dfc9a4a28a3a6697f4c0c9f12,
title = "The political economy of China and the EU-China comprehensive agreement on investment",
abstract = "This chapter examines China{\textquoteright}s political economy rationale for the EU-China Comprehensive Agreement on Investment (CAI). Since reform and opening up, Beijing has frequently utilized economic policies not only to promote domestic reforms, but also to achieve security goals and to elevate China{\textquoteright}s status in the global political economy. Given China{\textquoteright}s emphasis on economic statecraft, to what extent is the EU-China CAI consistent with China{\textquoteright}s conventional economic diplomacy? What were the key drivers that motivated China to negotiate the CAI? Examining the development of CAI demonstrates that the agreement has been driven in large part by Beijing{\textquoteright}s conventional political and economic objectives. At the domestic level, the high liberalization standards and comprehensive scope of provisions adopted in the CAI have been utilized to lock in domestic reforms and strengthening the Chinese government{\textquoteright}s legitimacy. At the international level, the CAI demonstrates China{\textquoteright}s ambitions to raise its status and to take a greater role in shaping global rules of investment, driven by intense global power dynamics.",
keywords = "China, EU, economy, diplomacy, investment",
author = "Lee, {Sohyun Zoe}",
year = "2024",
month = dec,
day = "11",
doi = "10.1007/978-3-031-66862-3_3",
language = "English",
isbn = "9783031668616",
series = "European Yearbook of International Economic Law",
publisher = "Springer Cham",
pages = "37--50",
editor = "Alexandr Svetlicinii and I-Ju Chen",
booktitle = "The EU-China comprehensive agreement on investment: towards a binding investment liberalisation",
}