China’s relationship with the European Union needs to change, as the bloc’s trade chief asks for more openness and fairness from Beijing.
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Dombrovskis is using the trip to explain to his Chinese counterparts that the probe aims to create fairer trading practices, and that the EU does not plan to cut ties with Beijing.— a concept that tries to bridge the gap between a more aggressive U.S. decoupling and the EU's awareness that China is a critical trading partner.. This means minimising our strategic dependencies for a select number of strategic products.
One of the areas where the EU is looking to de-risk is the electric vehicle sector, after the share of such China-made cars sold into Europe rose to 8% this year. European officials have said this slice could reach 15% by 2025. Eskelund also said that European automakers set up factories and have up to 95% of their whole production value chain in China.
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