World Scientific Publishing Company ChinaUS Trade Frictions Shaping New Equilibriums with the EU and the US: Towards a New Multilateralism or Tripolarism

This book shows the impact of the recent trade tensions between China and the US on the world trade order, and how parties have reached a deal (so called ""phase one"", January 2020), which could lead to a more comprehensive agreement, and the consequences of these ""adjustments"" in shaping new equilibriums.After 40 years, China has transformed into an economic superpower, which could now rival the US. This has evoked some concerns, and put the US in an uncomfortable position, as the US views the rise of China as a threat to its predominance and interests. However, China's development and its increasing economic power, which is a direct consequence of the ongoing reform process, is unstoppable.The confrontation between China and the US will favor Chinese expansion into the EU not only because the EU offers a more receptive environment for Chinese Foreign Direct Investment, but also because the EU and China have more in common if we consider the Belt And Road Initiative and the new bilateral investment agreement which is under negotiation. The EU, not only represents the final destination of the BRI, but also a more logical and convenient trade partner for China.The shift of Chinese attention toward the EU will also change the equilibrium between China, the EU and the US, bring forth the negotiation of new trade agreements, and move the entire international community towards a new world trade order and a new multilateralism which might evolve into a tripolarism. About the Author Xugang Yu is a Senior Partner and Management Commission Member of Dentons Law Offices, heading the Capital Market Division and is also in charge of the Human Resource management. Mr Yu has 20 years of experience in securities transactions domestically and internationally. Mr Yu is also the Independent Director of Central China Securities, Baoshuo, and Dafeng Port listed at Shanghai and Hong Kong. Mr Yu has published over 30 academic papers, and 10 books. He also advises Regulators, Courts, Arbitration bodies and Ministries both domestically and overseas, especially with his expertise on the Belt and Road legal issues. Mr Yu is a visiting Professor at the University of International Business and Economics — School of Law, and Huazhong University of Science and Technology. He holds a PhD (2001), and a LLM (1998) in International Economic Law from Peking University, and a LLB from Chinese University of Political Science and Law (1990).Mario Tettamanti is partner and CEO of Link to Beijing Consulting Partnership. Mr Tettamanti holds a Doctor's Degree (PhD) in Economics (1981), and has worked in mainland China for 8 consecutive years. Mr Tettamanti was an Editorialist and Chef Redactor of the Economic Section at Corriere del Ticino (Switzerland). Professor at the Centro di Studi Bancari (Lugano). Mr Tettamanti has a vast experience in the financial field. He was First Vice President and responsible for Italian, French and German clients with UBS New York. He also worked as Deputy Head of the Financial department and Head of the Investment Committee at Banco di Lugano (UBS Group). Mr Tettamanti acts as point of reference for important private financial Groups in China, and is assisting several Chinese companies in finding investment opportunities in the EU.Cristiano Rizzi is a foreign professional who has been working ""on the ground"" in mainland China for the past twelve years. He is working with Mr Xugang Yu, Senior Partner at Dentons, assisting Chinese companies, in finding investment opportunities in the EU region. Mr Rizzi is incorporated at the ""Illustre Colegio de Abogados de Salamanca"", Spain and registered as ""Avvocato Stabilito"" at the ""Consiglio dell'Ordine degli Avvocati di Milano"", Italy. Mr Rizzi obtained his LLM in Chinese Law from Peking University, China, LLM in Spanish Law from University of Valladolid, Spain and LLM in International Business Law from University of Exeter, UK. Mr Rizzi is the Chief