One of the IFO (Institute for Economic Research), one of the largest economic research institutions in Germany, published a report that if Western countries and Chinese bilateral decoupling occur, China's GDP will be as high as 2.27%.This data will be much higher than the loss of GDP in Western countries, and China will become the largest loser.
According to the Voice of the United States on Wednesday, five possible scenes were proposed in the report: the decoupling of Germany and China; the decoupling of the European Union and China; the decoupling of Western countries and China; the decoupling of Western countries and China+The European Union and the United States have reached a free trade agreement, as well as the decoupling between Western countries and authoritarian countries.
The Western countries in the report include: the EU, the United Kingdom, the United States, the United States, Canada, Japan, and Australia.The decoupling of western countries and China, including unilateral decourse and bilateral decoupling.Compared with the European Union alone, Western countries will be decoupled from China, which will greatly increase the loss of Chinese GDP.
The unilateral decoupling of Western countries to China will lead to 1.4%of China's GDP, and in the case of bilateral decoupling, China's GDP will decrease by up to 2.27%.This data will be much higher than the loss of GDP under bilateral decoupling in Western countries: 0.76%in Germany, 0.49%in other EU countries, and 0.48%in the United States.Therefore, the report pointed out that China will become the largest loser in the case of double decoupling.
There are also words such as "political insecurity" and "uncertainty of politics" in the research report to describe the current situation of Chinese politics.Florian Dorn, one of the research reports, explained that the unsafe of politics, which is manifested in German companies, was affected by the Chinese government's approval of cutting off the supply chain.
Under the epidemic, some German companies attach to this kind of political insecurity to varying degrees, subject to some countries and some governments.This is not a decision in Germany, but they must respond to certain decisions in other countries.
Don said that "the unsafe of politics" is also manifested in political relations, such as how the situation between mainland China and Taiwan will develop.If the conflict begins to exacerbate, whether the United States will require Europe to stand by.