Cross-border data flows govern almost everything we do today. States are facing a dilemma between protection of their data and benefits from free-flow. Europe faces a challenge from the US, the dominating actor in the digital world, and a threat from China’s authoritarian model. Europe must make choices to strengthen its position in the digital field.
On Thursday 24th November, Institut Montaigne hosted a webinar with Jörg Wuttke, President of the EU Chamber of Commerce in China (EUCCC) and Vice-President and Chief Representative of BASF China, moderated by François Godement, Senior Advisor for Asia at Institut Montaigne, on the theme: “What business opportunities remain in China and at what risks?”.
After decades of gradual economic growth in the world, China’s development in recent years, however, has weakened and even reversed this trend. Issues of unequal market access between China and the EU have risen to the forefront of policymakers’ minds, as has the question of intellectual property theft by Chinese competitors of EU firms and the problem of supply chain insecurity and strategic reliance on China.
During this webinar, Jörg Wuttke reflected on the future of business relations in China for European companies.