EU to unveil plans to combat economic risks | The Malaysian Insight

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EU to unveil plans to combat economic risks | The Malaysian Insight
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EU to unveil plans to combat economic risks

The European Union wants to define its own approach to China that balances concerns over relying too much on Beijing with maintaining trade ties with the world’s second-biggest economy. – EPA pic, June 20, 2023.

THE European Union will today detail the economic security risks facing the bloc and new tools Brussels can use as it seeks to muscle up against rivals Russia and China. The bloc wants to learn lessons from the aftermath of Moscow’s invasion of Ukraine last year when Brussels realised too late how over-reliant the EU had become on Russian energy and had to scramble to find new resources.

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