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The role of innovation in achieving the UN Sustainable Development Goals and guaranteeing qualitative growth is vital. The gap between developed and developing economies or rich and poor countries can only close as long as it is the driving force of national economies. In shaping their partnership， China and the EU could have not ignored this.
A China-EU high-level innovation cooperation dialogue was launched in 2013. In September 2020， Beijing and Brussels initiated their high-level digital dialogue. Collaboration also flourishes at the regional level. A bilateral agreement on regional policy signed in 2006 has facilitated synergies. A recently published joint study， for example， reveals relevant cases in the Basque region of Spain， BadenWürttemberg in Germany， Centro in Portugal， as well as Jiangsu and Shandong provinces and the Chengdu-Chongqing city cluster in China.
The expanding institutional framework at the political level can bring both sides closer on innovation. But what then matters is developing joint research. The cooperation between the Chinese Ministry of Science and Technology and the European Commission has led researchers to work together in scientific programs such as Horizon Europe， the EU’s key funding program for research and innovation until 2027. The Sino-European Co-Funding Mechanism supports the implementation of relevant projects.
China and the EU have discussed ways to link their industrial policies. The current landscape is different from that a few years ago. It is not particularly easy for Chinese companies， for example， to invest in Europe due to new regulations and the so-called screening mechanism.
However， the EU does not ignore China’s technological advancements or the vast amounts the Chinese Government spends on research and development. In tandem， European companies do not turn a blind eye to new opportunities the Chinese innovative market offers.
From their part， Chinese enterprises are carefully looking at the evolution of the EU legal framework. Data protection and ethics in artificial intelligence are of importance to the EU. China is taking solid steps in the same direction. In June， it passed a new data security law and the government is continuously strengthening its supervision over the use of personal data by companies.
Additionally， European knowhow is useful to China’s efforts to chart a safe course toward green transformation. In July， the country debuted its carbon emission trading scheme. This is part of China’s efforts to implement President Xi Jinping’s pledge for carbon neutrality before 2060. The purpose is to give incentives to companies to reduce their greenhouse emissions by buying or selling allowances with fines imposed for violating rules. The EU first applied such a system in 2005 with success. This experience will possibly help China include more power suppliers in its scheme in coming years.
As the world is striving for post-coronavirus stability and prosperity， China and the EU have already announced their plans for the future. China relies on its 14th Five-Year Plan（2021-25）. And the EU counts on its ambitious Recovery Fund. The more the two sides talk and cooperate， the more likely it will be to develop original joint research initiatives. Connectivity， digital transformation， smart solutions for better products and environmental protection are in the interest of both. These common goals go beyond the continents of Asia and Europe and can be applied in other areas such as Africa. Multilateralism will thus prevail and the UN framework will be preserved. BR
A China-EU high-level innovation cooperation dialogue was launched in 2013. In September 2020， Beijing and Brussels initiated their high-level digital dialogue. Collaboration also flourishes at the regional level. A bilateral agreement on regional policy signed in 2006 has facilitated synergies. A recently published joint study， for example， reveals relevant cases in the Basque region of Spain， BadenWürttemberg in Germany， Centro in Portugal， as well as Jiangsu and Shandong provinces and the Chengdu-Chongqing city cluster in China.
The expanding institutional framework at the political level can bring both sides closer on innovation. But what then matters is developing joint research. The cooperation between the Chinese Ministry of Science and Technology and the European Commission has led researchers to work together in scientific programs such as Horizon Europe， the EU’s key funding program for research and innovation until 2027. The Sino-European Co-Funding Mechanism supports the implementation of relevant projects.
China and the EU have discussed ways to link their industrial policies. The current landscape is different from that a few years ago. It is not particularly easy for Chinese companies， for example， to invest in Europe due to new regulations and the so-called screening mechanism.
However， the EU does not ignore China’s technological advancements or the vast amounts the Chinese Government spends on research and development. In tandem， European companies do not turn a blind eye to new opportunities the Chinese innovative market offers.
From their part， Chinese enterprises are carefully looking at the evolution of the EU legal framework. Data protection and ethics in artificial intelligence are of importance to the EU. China is taking solid steps in the same direction. In June， it passed a new data security law and the government is continuously strengthening its supervision over the use of personal data by companies.
Additionally， European knowhow is useful to China’s efforts to chart a safe course toward green transformation. In July， the country debuted its carbon emission trading scheme. This is part of China’s efforts to implement President Xi Jinping’s pledge for carbon neutrality before 2060. The purpose is to give incentives to companies to reduce their greenhouse emissions by buying or selling allowances with fines imposed for violating rules. The EU first applied such a system in 2005 with success. This experience will possibly help China include more power suppliers in its scheme in coming years.
As the world is striving for post-coronavirus stability and prosperity， China and the EU have already announced their plans for the future. China relies on its 14th Five-Year Plan（2021-25）. And the EU counts on its ambitious Recovery Fund. The more the two sides talk and cooperate， the more likely it will be to develop original joint research initiatives. Connectivity， digital transformation， smart solutions for better products and environmental protection are in the interest of both. These common goals go beyond the continents of Asia and Europe and can be applied in other areas such as Africa. Multilateralism will thus prevail and the UN framework will be preserved. BR