Why “De-Risking” From China Risks Undermining Europe’s Interests?
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Partnership or sinking ship? That was the title of a roundtable on trade relations between the European Union and China in Beijing in May. In his speech, Jens Eskelund, president of the EU Chamber of Commerce in China, used the title to explain the problem: “It is neither a partnership nor a sinking ship; it is a giant 400-meter container ship that goes to Europe with 24,000 containers and returns almost empty.” The tone of the meeting was sour,…
Why “De-Risking” from China Risks Undermining Europe’s Interests?
Beijing - Recent vociferous talk and highly targeted policies under discussion by the European Union (EU) have cast a shadow over the bloc's economic and trade relationship with China, precisely at a time when steady bilateral cooperation is urgently needed amid global uncertainties. In late May, EU commissioners described the current state of the bloc's trade and investment relationship with China as "not sustainable." The European Commission s…
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