The European Union will discuss a more defensive strategy on China on Thursday, ...
BRUSSELS - The European Union will discuss a more defensive strategy on China on Thursday, potentially signaling an end to the unfettered access that Chinese business has enjoyed in Europe but which Beijing has failed to reciprocate.
“We are fully open,” European Commission Vice President Jyrki Katainen said of the EU’s economy. “China is not, and it raises lots of questions,” Katainen told Reuters, arguing that the world’s second-largest economy could no longer claim special status as a developing country. That was a message delivered to State Councillor Wang Yi by EU foreign ministers on Monday. It marked a shift toward what EU diplomats say is a more “assertive and competitive mindset”.
Chinese trade restrictions are more severe than EU barriers in almost every economic sector, according to research firm Rhodium Group and the Mercator Institute for China Studies.
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