STOCKHOLM - European Union ministers on Friday (May 12) backed reducing the bloc's economic dependence on China but will now have to figure out how to make that a reality, foreign policy chief Josep Borrell said. Borrell said foreign ministers gave broad backing to a plan to adjust policy on China to place greater emphasis on its role as a...
A woman walks past EU and China flags ahead of the EU-China High Level Economic Dialogue at the Diaoyutai State Guesthouse in Beijing, China.STOCKHOLM - European Union ministers on Friday backed reducing the bloc's economic dependence on China but will now have to figure out how to make that a reality, foreign policy chief Josep Borrell said.
He said the EU today was even more dependent on China for key technologies such as solar panels and for critical materials than it had been on Russian energy. Lithuanian Foreign Minister Gabrielius Landsbergis warned that even if the EU did not want to de-couple from China economically, it needed to be prepared for such a scenario.
The plan is the latest attempt to strike a balance between views of the EU's 27 member countries, keep a distinctive EU approach to Beijing and preserve a close partnership with Washington, which is pushing for a harder line on China.The document states that coordination with the United States will "remain essential".
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