Nobel economist Philippe Aghion urges Europe to negotiate with China

French economist Philippe Aghion is urging Europe to negotiate with China as it looks for ways to revive growth.

Aghion won the 2025 Nobel Prize in economics for research on how ongoing innovation supports lasting economic growth.

Germany and other European countries have struggled with weak growth, which economists often link to slow, bureaucratic systems that hold back innovation.

Aghion argues Europe needs a new approach and radical change to regain strength.

He also says Europeans should not have to ask others for permission, though the interview excerpt does not explain what changes he proposes.

His call puts cooperation with China on the table as Europe considers how to improve its economic prospects.