The EU's Strategy for Dealing With China - Dailyfinancies

• Dailyfinancies
• 26 Sep, 2023

The EU's strategy for dealing with China is based on a combination of engagement and competition. The EU wants to maintain its trade relationship with China, but it also wants to protect its interests from China's unfair trade practices and its growing military power.

Engagement

The EU is committed to engaging with China on a range of issues, including trade, climate change, and global security. The EU believes that engagement is the best way to promote change in China and to build a more cooperative relationship.

The EU is also committed to supporting the Chinese people. The EU provides financial assistance to Chinese civil society organizations and it works to promote democracy and human rights in China.

Competition

The EU is also prepared to compete with China. The EU has taken steps to protect its economy from unfair Chinese trade practices. The EU has also increased its investment in research and development to ensure that it remains ahead of China in key technological areas.

The EU is also building closer ties with other countries in the Indo-Pacific region, such as Japan, South Korea, and Australia. This is aimed at building a counterweight to China's growing influence in the region.

Specific Measures

The EU is taking a number of specific measures to protect its interests while maintaining its trade relationship with China. These measures include:

• Imposing sanctions on China in response to its human rights abuses in Xinjiang.
• Taking steps to protect its economy from unfair Chinese trade practices, such as subsidizing exports and dumping goods on the EU market.
• Blocking Chinese companies from investing in critical infrastructure projects.
• Increasing its investment in research and development to ensure that it remains ahead of China in key technological areas.
• Building closer ties with other countries in the Indo-Pacific region, such as Japan, South Korea, and Australia.

Conclusion

The EU's strategy for dealing with China is a complex one. The EU wants to maintain its trade relationship with China, but it also wants to protect its interests from China's unfair trade practices and its growing military power.

The EU's strategy is based on a combination of engagement and competition. The EU is committed to engaging with China on a range of issues, but it is also prepared to compete with China when necessary.

The EU's strategy is likely to evolve over time as the EU-China relationship develops. However, the EU's goal is to build a more cooperative and mutually beneficial relationship with China.