The EU and China must remain partners, but the EU must be less dependent on China in critical areas. This is the conclusion of the EU leaders at a summit in Brussels on Friday. Here, the heads of state and government discussed the relationship between China and the EU. China is both a partner, competitor and systemic rival to the EU, the text of the conclusions states.
- Despite their different political and economic systems, the European Union and China have a common interest in pursuing constructive and stable relations that are anchored in respect for the rules-based international order, balanced engagement and reciprocity, the text states.
In the months leading up to the summit, the debate on China has largely been about the EU being able to stand on its own two feet to a greater extent. This applies, for example, when it comes to the supply of critical raw materials and microchips. Today, the EU is highly dependent on imports from China in these areas.
Hope for a more balanced relationship
The EU countries emphasize that China remains an important trading partner. The Union has no intention of decoupling from China or turning inward. But the relationship must be balanced and mutually beneficial.
- The European Union will continue to reduce critical dependencies and vulnerabilities, including in its supply chains, and will reduce risk and diversify where necessary and appropriate, the text states.
This development is already in full swing - at least among Danish companies, says the Confederation of Danish Industry.
- They are increasingly diversifying their activities and finding more subcontractors, so that you don't put all your eggs in one basket. It is basically just an expression of timely care, says Deputy Director Peter Thagesen.
However, China remains an important market for business. And Denmark's economic dependence on China will therefore also remain high, he points out. He believes that the EU leaders have reached a good and balanced approach. Not least because it emphasizes stability.
- It is absolutely crucial to increase detente in the world right now. Therefore, it is also an important signal when the EU also states that we have a strong interest in having a stable relationship with China, says Peter Thagesen.
/ritzau/
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