Cormann starts work at OECD with a double boost from Biden
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London | Former finance minister Mathias Cormann takes over the Organisation for Economic Cooperation and Development on Tuesday with a crucial global tax deal in sight and US President Joe Biden looking to beef up the Paris-based body into a bigger geopolitical role.
Mr Cormannâs inner office will include Democratic Party heavy-hitter James Rubin, who has quit a senior lobbying job at Ballard Partners in Washington to become the new Secretary-Generalâs diplomatic adviser - a freshly created position that will help position the OECD at the centre of the Westâs strategic contest with China.
Chinese enterprises outnumbers the US on Fortune 500 list for the first time chinadaily.com.cn | Updated: 2021-04-16 14:21 Share CLOSE LONGi s employees check a solar power station at Tongxin county, Ningxia Hui autonomous region, in Northwest China, in September 2018. [Photo provided to China Daily]
Chinese enterprises outnumbered the US on Fortune 500 list for the first time in 2020, according to a Handelsblatt newspaper report on Thursday, which said the China s industrial leaders are conquering the world s market.
A total of 124 Chinese enterprises figure on the list, with 91 among them State-owned. The State-owned enterprises are considered the mainstays of the country s economy, the German paper said, adding China s private firms have also acquired advantages to compete abroad via targeted financing and advantage of domestic market.
25 June 2015
L ECFR Paris a invité le Pr. Yoshihara du think-tank Asia Forum Japan (AFJ) et Marion Gaillard, maître de conférences à Sciences Po Paris et…
In the media
Summary
China’s vast yet protected home market has allowed some of its firms to acquire a scale that provides them with significant advantages when they compete in other markets.
These firms are able to undercut European companies both in the EU and around the world, including in sectors key to Europe’s future economy and security, from energy to telecommunications.
The EU urgently needs to incorporate the concept and reality of this ‘protected home market advantage’ into its thinking on China.
Europe can defend its own industries by adopting an integrated policy approach, working with like-minded partners around the world, and even prising open closed parts of China’s domestic market.
Home Advantage: How China s vast protected market challenges European industry – European Council on Foreign Relations ecfr.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecfr.eu Daily Mail and Mail on Sunday newspapers.