torsdag 14. mars 2019

European Union calls for united trade and tech front against ‘rival’ China

The European Union is urging its leaders to take a tougher stand on mounting China-related trade, technology and geostrategic concerns, a major step that could overshadow the country’s relations with Europe for years to come, analysts said. Following Washington’s lead, the European Commission, the EU’s executive, released a paper on Tuesday which for the first time labelled China an “economic competitor” and “a systemic rival promoting alternative models of governance”. 

The paper urged EU leaders meeting in Brussels next week to adopt a 10-point action plan that would establish a more balanced and reciprocal economic relationship with China while solidifying the resolve of the 28 EU member states to counter the Asian country’s influence, the bloc’s top trading partner.