'De-risking' stems from zero-sum mindset: China Daily editorial
11 months ago

'De-risking' stems from zero-sum mindset: China Daily editorial

China Daily  

In a sign of Germany's growing interest in Vietnam, a business delegation comprising representatives of top German companies such as tunnel boring machine maker Herrenknecht and wind farm developer PNE AG is joining German President Frank-Walter Steinmeier on a state visit to the Southeast Asian manufacturing hub, which started on Tuesday. The ongoing visit "underlines Germany's interest in looking beyond China and diversifying its economic relations", said Florian Feyerabend, the representative in Vietnam for Germany's Konrad Adenauer Foundation, a think tank. The remarks reflect a zero-sum mindset as harbored by some people, who tend to oversimplify normal trade relations between countries, for example, by seeing Vietnam's gain from a closer partnership with Germany as China's loss. "If you look at what the United States is doing, it's all about curtailing the ability of China to make industrial progress", as ASML's EU Government Affairs Lead Wouter Baljon observed.

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History of this topic

EU and China: In the face of Trump threat, can this unlikely alliance bloom?
3 weeks, 3 days ago

EU and China: In the face of Trump threat, can this unlikely alliance bloom?

Firstpost  

While shared economic interests could lead to closer ties, underlying issues such as market access, intellectual property rights, EU’s concerns over Chinese “dumping”, and geopolitical tensions may hinder a robust alliance The start of Donald Trump’s second term is right around the corner. SCMP quoted a Beijing-based economist who has advised China’s State Council on foreign trade relations as saying …

EU and China Must Embrace Mutual Economic Ties for Global Prosperity
1 month, 3 weeks ago

EU and China Must Embrace Mutual Economic Ties for Global Prosperity

China Daily  

The article discusses the importance of direct and frank dialogue between China and the European Union to maintain global stability and prosperity. It argues that economic ties are assets, not liabilities, and should be nurtured and not destroyed. The author emphasizes the need for the EU to address its concerns over China's economic practices, such as fair-trade rules and state …

EU and China Must Embrace Mutual Economic Ties for Global Prosperity
1 month, 3 weeks ago

EU and China Must Embrace Mutual Economic Ties for Global Prosperity

China Daily  

EU and China's trade ties are crucial for maintaining global stability and prosperity. However, the two sides face challenges in their economic relations, including the impact of sanctions and trade restrictions. The EU needs to focus on direct and frank dialogue with China to address these issues and maintain a stable and prosperous relationship.

China challenges dim European firms' investment appetite, lobby group says
3 months, 1 week ago

China challenges dim European firms' investment appetite, lobby group says

Hindustan Times  

* China challenges dim European firms' investment appetite, lobby group says Economic slowdown is No.1 concern of EU firms in China * EU Chamber in China calls for more consumption stimulus * Warns firms feel risks of China market no longer match rewards * Growing doubts over China's commitment to reform, chamber says By Joe Cash BEIJING, Sept 11 - …

'De-risking' efforts and exercise in futility: China Daily editorial
3 months, 2 weeks ago

'De-risking' efforts and exercise in futility: China Daily editorial

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing. By leveraging closer economic ties with India and encouraging greater collaboration between the two sides in areas such as information technology, space exploration and renewable energy, the Biden administration hopes to hold back China's development by reducing its leadership advantages and, by positioning India as an …

Practical Sino-German cooperation boon for both
3 months, 3 weeks ago

Practical Sino-German cooperation boon for both

China Daily  

Employees of BMW Brilliance Automotive work on the production line in Shenyang, Liaoning province, in May. CHINA DAILY After the European Commission announced that it would impose high tariffs on Chinese new energy vehicles, German automakers such as BMW, Volkswagen and Mercedes-Benz expressed their opposition. "We don't think that our industry needs protection," BMW CEO Oliver Zipse was reported by …

EU action will hurt trade partnership
3 months, 3 weeks ago

EU action will hurt trade partnership

China Daily  

A SAIC model is driven into a cargo ship headed to Europe. Protectionist moves by the European Union, particularly those targeting Chinese electric vehicles, will affect mutual trust and cooperation between China and the EU, market watchers and industry leaders said. "The EU's protectionist actions will damage China-EU economic and trade cooperation, disrupting ongoing consultations and negotiations between the two …

German vote of confidence turns 'de-risking' narrative into a joke
4 months, 1 week ago

German vote of confidence turns 'de-risking' narrative into a joke

China Daily  

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. According to a recent survey on business confidence released by the German Chamber of Commerce in China, 91 percent of German companies surveyed said they will continue to stay in the Chinese market, and more than half of the entities surveyed plan to increase investment in …

German vote of confidence turns 'de-risking' narrative into a joke
4 months, 1 week ago

German vote of confidence turns 'de-risking' narrative into a joke

China Daily  

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. According to a recent survey on business confidence released by the German Chamber of Commerce in China, 91 percent of German companies surveyed said they will continue to stay in the Chinese market, and more than half of the entities surveyed plan to increase investment in …

Beijing's ties with CEE countries benefit the whole of Europe
7 months, 2 weeks ago

Beijing's ties with CEE countries benefit the whole of Europe

China Daily  

SHI YU/CHINA DAILY The European Union's perception of China has undergone a significant shift in recent years. First, compared with their Western European counterparts, CEE countries, especially Hungary and Serbia, have a more welcoming attitude toward foreign investors and investments. Although market entities in China and the EU have been engaging in cooperation despite the ideological differences between the two …

Beijing's ties with CEE countries benefit the whole of Europe
7 months, 2 weeks ago

Beijing's ties with CEE countries benefit the whole of Europe

China Daily  

SHI YU/CHINA DAILY The European Union's perception of China has undergone a significant shift in recent years. First, compared with their Western European counterparts, CEE countries, especially Hungary and Serbia, have a more welcoming attitude toward foreign investors and investments. Although market entities in China and the EU have been engaging in cooperation despite the ideological differences between the two …

Europe wants two things from China. It may not get far on either of them
8 months ago

Europe wants two things from China. It may not get far on either of them

Associated Press  

BEIJING — Europe wants two things from China: First, a shift in its relatively pro-Russia position on the war in Ukraine. “And if those highly competitive companies are still protected by the government, then we have actually global challenges resulting from that.” A FUNDAMENTAL DIVIDE ON UKRAINE If there is one issue most of Europe can agree on, it is …

Cooperation only certainty for Germany
8 months, 1 week ago

Cooperation only certainty for Germany

China Daily  

LI MIN/CHINA DAILY All eyes are on German Chancellor Olaf Scholz who just concluded a three-day visit to China from Sunday. There is still ample potential for economic cooperation between China and Germany, especially in digital and green economies, as well as in electric vehicles, clean energy, biopharmaceuticals, and artificial intelligence. And Germany's oscillating policy toward China is bound to …

Cooperation only certainty for Germany
8 months, 1 week ago

Cooperation only certainty for Germany

China Daily  

LI MIN/CHINA DAILY All eyes are on German Chancellor Olaf Scholz who just concluded a three-day visit to China from Sunday. There is still ample potential for economic cooperation between China and Germany, especially in digital and green economies, as well as in electric vehicles, clean energy, biopharmaceuticals, and artificial intelligence. And Germany's oscillating policy toward China is bound to …

China-Germany cooperation not a 'risk', but a guarantee for stable relations
8 months, 1 week ago

China-Germany cooperation not a 'risk', but a guarantee for stable relations

China Daily  

After visiting Chongqing, a key southwest manufacturing base, and Shanghai, the national financial hub, German Chancellor Olaf Scholz arrived in Beijing to meet with President Xi Jinping and Premier Li Qiang. Many have therefore pinned their hopes on Scholz's meetings in Beijing proving fruitful, because preserving robust China-Germany economic and trade ties and maintaining friendly relations has never been as …

Reluctant collaborator
8 months, 4 weeks ago

Reluctant collaborator

China Daily  

MA XUEJING/CHINA DAILY Ukraine crisis has prompted the EU to strengthen its coordination with the US but it is unwilling to totally endorse Washington's competition with Beijing The protracted Ukraine crisis and the latest escalation of the Israeli-Palestinian conflict are driving a complicated shift in the global geopolitical landscape and shaping the evolution of major country relations. The alignment of …

Vantage | How West's 'de-risking' is hurting China, helping India
1 year ago

Vantage | How West's 'de-risking' is hurting China, helping India

Firstpost  

Foreign investors are diversifying their portfolios away from China, exploring alternatives in various sectors In the fast-paced world of international relations, if world leaders were on TikTok, the trending hashtag would undoubtedly be #DeRisk. According to a Reuters report, China’s manufacturing sector unexpectedly contracted in October, with exports shrinking by 6.4 per cent compared to the previous year. Foreign investment …

EU's 'de-risking' bears hallmarks of 'decoupling'
1 year, 4 months ago

EU's 'de-risking' bears hallmarks of 'decoupling'

China Daily  

LUO JIE/CHINA DAILY Although the United States actively promotes a "de-risking" policy in relation to China, it was the European Union that first put forward the concept against the backdrop of the Ukraine crisis with the aim of ending its reliance on Russia for oil and natural gas, as well as to provide itself with a cushion zone to shun …

EU must beware Washington's forked tongue
1 year, 4 months ago

EU must beware Washington's forked tongue

China Daily  

On June 15, the European Commission for the first time labeled Huawei and ZTE as telecom providers that pose a higher security risk to the European Union, declaring that EU member states should also immediately take concrete measures to reduce the risk. The fact is that Chinese telecommunications companies have been operating in Europe for many years, and they have …

De-risking is dividing the world for US benefit
1 year, 5 months ago

De-risking is dividing the world for US benefit

China Daily  

This photo taken on Dec 8, 2022 shows the US Capitol building in Washington, DC, the United States. A closer look into the United States' narrative tells us that "de-risking" is essentially about shutting China out and containing China. An article in the Foreign Affairs magazine outlined three goals of "de-risking": to limit China's abilities in strategic sectors that have …

German executives say no to 'decoupling'
1 year, 5 months ago

German executives say no to 'decoupling'

China Daily  

A BMW i3 car on display during an auto expo in Shanghai. The Chinese path to modernization will provide broader growth opportunities for German companies and the idea of "de-risking" should not be politicized or ideologized, said China's top commerce official. During his meeting with Karl Haeusgen, president of German Mechanical Engineering Industry Association and Christian Klein, CEO of German …

‘China has changed.’ Germany unveils strategy to cut reliance on world’s no. 2 economy
1 year, 5 months ago

‘China has changed.’ Germany unveils strategy to cut reliance on world’s no. 2 economy

CNN  

London/Berlin CNN — Germany announced Thursday that it would reduce its dependence on China in “critical sectors” including medicine, lithium batteries used in electric cars and elements essential to chipmaking. The government published its first ever “Strategy on China,” a 40-page document that highlights the tightrope Berlin must walk in managing its dependence on the world’s second-largest economy amid growing …

Europe Aims to Cut China Risks, Not China Ties
1 year, 6 months ago

Europe Aims to Cut China Risks, Not China Ties

Live Mint  

Europe says it wants to push back against China’s economic might. The European Union’s executive body released an economic-security strategy Tuesday that included a call for member states to consider new controls for European investment in other countries that might pose security risks. The strategy, laid out in a paper that the EU published Tuesday, spells out some of the …

China acting 'counter to our interests' says Germany
1 year, 6 months ago

China acting 'counter to our interests' says Germany

The Hindu  

Germany on Wednesday called China a "partner, competitor and systemic rival" in the release of its first national security strategy, accusing Beijing of repeatedly acting against the European giant's interests in a bid to reshape the global order. The document prepared by Chancellor Olaf Scholz's coalition slammed China for putting regional stability and international security "under increasing pressure" and for …

More engagement aimed at boosting mutual trust best way to de-risk
1 year, 6 months ago

More engagement aimed at boosting mutual trust best way to de-risk

China Daily  

The term "de-risking" is not new to the business world. The term, however, has gained a geopolitical meaning after European Commission President Ursula von der Leyen said in a speech on China on March 30 that "it is neither viable, nor in Europe's interest to decouple from China", adding that what the European Union seeks is "de-risking". To the surprise …

What's next for China's relationship with EU?
2 years ago

What's next for China's relationship with EU?

China Daily  

The recent visits of German Chancellor Olaf Scholz and European Council President Charles Michel to China highlight the importance of China-European Union relations. The Friends of Europe's event, the "Europe-China Forum — tackling increasing global challenges: prioritizing constructive cooperation", was attended among others by officials of China's Mission to the EU, the European External Action Service, the European Commission, the …

In China-Lithuania Row, Will the EU Stay on the Sidelines?
2 years, 10 months ago

In China-Lithuania Row, Will the EU Stay on the Sidelines?

The Diplomat  

As concern grows about Russian belligerence in eastern Europe, it’s ironic that Lithuania, a former Soviet Socialist Republic, is embroiled in a showdown with a different superpower: China. The government doesn’t think that it was a mistake to allow the people from Taiwan island to call themselves Taiwanese.” He continued, “…hat we are calling a mistake is China’s reaction – …

EU, China sign investment deal 7 years in the making
3 years, 11 months ago

EU, China sign investment deal 7 years in the making

Al Jazeera  

The investment deal will help redress what Europe sees as unbalanced economic ties. The European Union and China agreed on Wednesday to an investment deal that will give European companies greater access to Chinese markets and help redress what Europe sees as unbalanced economic ties. China’s President Xi Jinping said on Wednesday the investment deal will offer bigger markets and …

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