Faculty Xiao Jiang on EU-China manufacture trade

Faculty

In a report titled “Unilateral Grant of Market Economy Status to China Would Put Millions of EU Jobs at Risk,” Economic Policy Institute Director of Trade and Manufacturing Research Robert E. Scott and Xiao Jiang, an assistant professor at Denison University, estimate that a unilateral decision to grant market economy status (MES) to China would increase manufactured imports from China by 25-50 percent, therefore putting 1.7-3.5 million European Union jobs at risk.

“An EU decision to grant market economy status to China will raise pressure on the United States and other countries to follow suit, with disastrous consequences for industries like steel, paper, glass, ceramics, and auto parts,” said Scott. “Before granting China market economy status, the EU would be well-advised to consider how many billions of euros of output and millions of jobs this decision could cost.”

Posted Date 
Monday, September 21, 2015

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