EU adopts 'de-risking' strategy for relationship with China
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Josep Borrell, the EU’s high representative for foreign affairs and security policy, stated that the European Union must engage with China while simultaneously competing with it and reducing dependencies that pose risks. This statement followed a meeting of the foreign ministers of the EU’s 27 member states. The EU concluded that its approach to China should be de-risking, not decoupling.
From hani.co.kr
Why it matters
The EU defined China as a 'rival' in terms of its system, a 'partner' in areas of interest, and a 'competitor' in economics. This strategic recalibration signals a shift in the bloc’s economic risk profile and supply chain strategy toward managing dependencies.
From hani.co.kr
Who's involved
- BorrellEU’s high representative for foreign affairs and security policy
- European CommissionExecutive branch of the European Union
- ChinaGeopolitical state whose relationship with the EU is being recalibrated
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- EuropeSpeculative
Europe could see changes in its core economic risk profile and supply chain strategy as dependencies are adjusted.
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The entities involved
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European Commission
executive branch of the European Union
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Borrell
bishop of the Roman Catholic Church
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