Scholz urges EU to react to growing competition with China

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German Chancellor Olaf Scholz asked on Tuesday the European Union’s (EU) reaction to this situation. The growing “competition and competition” required by China is “limiting risks” against Beijing, but without completely separating itself from the Asian giant.

our relationship with Chinese correctly identified by the triad of ‘systemic partner, competitor and competitor’, Speaking in front of the European Parliament in Strasbourg on the occasion of Europe Day, Scholz said, “It is a place where competition and competition from China has undoubtedly increased.”

“The EU sees this and the EU reacts to it”, The German chancellor continued, who supported the European strategy against China, recently championed by her compatriot and European Commission president Ursula von der Leyen, and whose “motto” should be to limit risks before Beijing “wisely” leaves altogether.

What Scholz saidEurope should appeal to the world” and in this sense, “The countries of the Global South are new partners whose concerns and legitimate interests we take seriously”.

“This also belongs to a geopolitical Europe.“approved the German chancellor, who considers it “more than reasonable” for the EU to sign new trade agreements with Mercosur, Mexico, India, Indonesia, Australia, Kenya and, in perspective, many other countries.

Agreements that are “fair” and “encourage” but “not hinder” future partners’ economic development, he added.

“Fair means, for example, that the initial processing of raw materials takes place there (where they are) and not in China or elsewhere.” Scholz said.

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