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Economy

Beijing-Brussels axis stands little chance

Global leadership void left behind by Trump won't be filled so easily

| China
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Euro and yuan bank notes: Chinese media have been hailing the prospects for closer ties with Europe.   © Reuters

Chinese state media have recently been hailing the prospects for greater cooperation with Europe as U.S. President Donald Trump's pullback from global affairs gains speed. But can Beijing and Brussels really join forces to pick up the slack?

January saw the conjunction of two remarkable events: Trump's inauguration as president and Chinese President Xi Jinping keynote speech at the World Economic Forum in Davos, Switzerland. Trump's dark viewpoint on globalization contrasted strongly with the positive notes struck by Xi.

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