Josep Borrell will go to China to pursue this situation Open communication channels with the Asian giantOn the other hand, it faces tensions caused by the increasing trade deficit and increasing protectionist practices.
According to sources close to the head of Spanish diplomacy, this is the first visit of the EU High Representative for Foreign and Security Policy and will take place “in mid-October”.
“I hope this time Covid-19 will not stop me from going and nothing will happen on the Chinese side,” Borrell told a group of journalists on the outskirts of the State of the Union debate in Strasbourg these days. . It was suspended twice: once because of the sudden replacement of China’s foreign minister, and once because Borrell caught covid. “It will be a long visit. I do not want to be alone in Beijing, I will be in the centers of thought and economic decision-making. Everything is to prepare for the next summit.”
Borrell warned The world is entering a new eraincreasingly with “confrontational policies” and moving away from the European idea of peaceful trade and negotiation. The European official therefore believes that “it is time to recalibrate our approach to China. It does not end with de-risking (eliminating risk) without decoupling (decoupling). I argue that the lines must be kept open.” He said the risk mitigation policy was common sense and “implemented by the Chinese themselves.”
He recalled how, at the beginning of the pandemic, “a single gram of paracetamol,” for example, was a non-positive addiction. The security element is at the forefront in commercial relations and this applies to everyone.
Von der Leyen’s warnings
European Union Will not “separate” from Chinese economybut it will reduce the risks posed by trade with the Asian giant. Brussels will launch an investigation into China’s illegal subsidies to the electric vehicle sector, the president of the European Commission announced. “This is a crucial sector for the clean economy with enormous potential for Europe, but world markets are now flooded with cheaper Chinese electric cars as their prices are kept artificially low due to large public subsidies that distort prices.” he said Sunday. Ursula von der Leyen in her State of the Union address this Wednesday.
He promised to boost Europe’s green industry. EU considers unfair trade practices For example, China has damaged the European solar industry and caused the bankruptcy of many young companies due to unfair competition from Chinese companies. Brussels promises to react. “From wind energy to steel, batteries to electric cars, our goal is clear: the future of the cleantech industry must be produced in Europe,” von der Leyen said.