EU Council emphasizes de-risking

The European Council of Heads of State and Government apparently still struggles to reach a common position on China policy. In a draft of the conclusions for the EU summit meeting on Thursday, the „multifaceted political approach of the 27-country bloc towards China“ is reaffirmed, and reference is made to „constructive and stable goals“ with China. The draft also emphasizes that Brussels „has no intention of decoupling or turning inward.“ However, the EU intends to continue its plans for risk reduction to avoid dependencies on China in key industries.