Europe has erected a series of defenses against China in recent years, adopting a “derisking” strategy that looks similar to the U.S.’s stance, writes greg_ip
The real obstacle to decoupling from Beijing isn’t Western governments but Western companies that have bet heavily on ChinaIn its geopolitical competition with the West, China has long sought to divide the U.S. from Europe. Last week it appeared to score a coup when French President Emmanuel Macron declaredAppearances, though, are deceiving.
In fact, the European Union has decisively changed its approach to China in the past year. Europeans use milder language than Americans, saying they wish to “de-risk” their economic relationship with China, not “decouple.” But in substance, European de-risking and American decoupling look much the same. Indeed, Europe is erecting economic defenses against China that in some cases go further than the U.S.
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