ASSESSMENTS

How Will the EU's De-Risking Strategy Toward China Evolve?

Oct 17, 2023 | 20:37 GMT

EU foreign policy chief Josep Borrell (left) and Chinese Foreign Minister Wang Yi attend a meeting in Beijing on Oct. 13, 2023.
EU foreign policy chief Josep Borrell (left) and Chinese Foreign Minister Wang Yi attend a meeting in Beijing on Oct. 13, 2023.

(PEDRO PARDO/AFP via Getty Images)

The European Union's de-risking strategy toward China will remain only partially aligned with that of the United States, which will raise the costs of doing business in both Europe and China but won't upend trade and investment relations between the two. In recent months, the European Union and some of its key member states have announced a series of China-focused strategies and policy measures that show the bloc's growing assertion in pursuing its ''de-risking'' strategy toward Beijing. In June, the European Union unveiled its first-ever economic security strategy, which proposed steps to curb EU exports and outbound investment in highly sensitive technologies toward adversarial countries, as well as reduce EU member states' reliance on such countries for economic growth and strategically important goods. While China was not explicitly mentioned in the strategy, it was heavily implied as the main target. In July, the German government published its first-ever China strategy,...

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