Harmony and evaluation | "De-risk" will only lead to mutual loss, and win-win cooperation is in the interest of both China and Europe.
Borrell, High Representative of the European Union for Foreign Affairs and Security Policy, visited China from October 12 to 14 and held the 12th round of China-EU High-level Strategic Dialogue, which helped to enhance mutual trust and stabilize China-EU relations.
With the global geopolitical pattern constantly changing, the whole world has encountered a series of great challenges, and the relationship between China and the EU is facing more difficulties and obstacles. However, as close economic partners and important participants in the international arena, both sides are clearly aware of the need to develop stable relations.
Borrell’s visit to China is the latest move to improve relations and enhance understanding between China and Europe. In fact, since the beginning of this year, Chinese and European leaders have held frequent talks, and the 10th China-EU High-level Economic and Trade Dialogue has recently come to an end in Beijing. These positive developments will undoubtedly promote China-EU interaction, narrow differences and expand cooperation.
However, in order to promote the stable development and even vitality of China-EU relations, the EU needs to make more efforts. For some time, "de-risk" has become the preferred strategy in the EU’s economic and trade relations with China. The EU imposed punitive tariffs on 20 grades of steel and stainless steel products from China and set import quotas. Recently, it launched a countervailing investigation on electric vehicles in China, and plans to launch the same investigation on iron and steel enterprises in China. In view of this, China has to come to the conclusion that the EU’s "de-risk" policy is just another way of saying "decoupling".
Behind the "de-risk" is zero-sum game thinking, which can be described as moving against the trend of the times. China has repeatedly expressed its opposition to this. In the era of globalization, "de-risk" will only lead to more risks and harm others. Obviously, the EU needs to treat China’s development and China-EU cooperation more objectively and fairly. China’s economy is full of resilience, while the EU’s economy continues to be sluggish. Both sides should cooperate and win-win, while "risk removal" will only lead to both losses.
Borrell’s visit should promote Brussels to adopt a more pragmatic and cooperative attitude in its relations with China, give both sides more confidence and jointly solve regional and even global problems. This is the will of the people and the general trend.
This article was translated from the October 13th editorial of The China Journal.
Original title: time to enjoy fruits of win-win sino-eu partnership, not play with & lsquo; de-risking’
Produced by: Editorial Office of China Daily.