The European Union will weigh a more defensive strategy on China on Thursday, si...
BRUSSELS - The European Union will weigh a more defensive strategy on China on Thursday, signaling a possible end to the unfettered access Chinese business has enjoyed in Europe but which Beijing has failed to reciprocate.
French President Emmanuel Macron spoke of a “European awakening” that China is seeking to produce sophisticated products that will compete with those made in Europe. The EU’s trade chief Cecilia Malmstrom, a Swedish liberal, meanwhile argued that the international economic order had changed. That was the message delivered to State Councillor Wang Yi by EU foreign ministers on Monday. It marked a shift toward what EU diplomats say is a more “assertive and competitive mindset”.
“It is tempting to try to lock out China, to decouple rather than to discipline. That might work in the short term. But the long term requires a deeper fix, systemic reforms built to last,” she said, urging transatlantic cooperation on the issue. Germany’s views will be important as Berlin has at times pressed for a tougher answer to unfair competition from Chinese rivals but also championed a closer relationship with Beijing.
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