Geoeconomic Competition
Third Plenum implications for European businesses with Alicia Garcia-Herrero
Jul 25, 2024
Alicia Garcia-Herrero, Chief Economist for Asia Pacific at Natixis, discusses the Third Plenum and its implications for European businesses. Key topics include reforms in China, fiscal risks, and the impact on European companies in sectors like EVs and green technologies.
25:51
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- China's Third Plenum outcomes signal reduced subsidies for foreign firms and increased competition in European markets.
- EU businesses need to safeguard technological innovation and research to compete effectively amidst China's strategic focus on global market domination.
Deep dives
Overview of China's Third Plenum
China's Third Plenum, held every five years, is a significant event where reforms are announced. The recent Third Plenum under Xi Jinping's leadership aimed to introduce reforms that would steer China in a new direction. Despite delays leading to lowered expectations, key highlights included fiscal reform, land reform for urbanization, and a focus on industrialization and innovation.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
