China’s importance for the global economy has been growing for years. And it will continue to grow. Since 2020, the country has been a member of the Comprehensive Economic Partnership (RCEP) in the Asia-Pacific region, the largest free trade zone in the world. Due to its great economic weight, the Chinese economy is now not only an important partner for the European Union, but also a competitor. After several years of negotiations, the EU and China have just reached an agreement on investment. ZEW President Professor Achim Wambach and Dr. Philipp Steinberg, head of economic policy at the German Federal Ministry for Economic Affairs and Energy (BMWi), discussed the agreement and fair competitive conditions for European companies at a #ZEWlive event on Wednesday, 13 January 2021. The event was moderated by Jessica Sturmberg.