Event Details
Earlier this year it was the head of the European Commission, Ursula von der Leyen, who decisively shifted talk of "decoupling" with China to "de-risking." This seemed a more cogent expression of Europe's policy of managing risk and also distinguished Europe's approach from America's seemingly tougher stance on China. This made good sense – Europe is more economically exposed to China than America is. Some 8% of publicly listed European firms' revenues are from China, compared with 4% for American ones. Europe and America send a similar share of goods exports to China (7-9%), but because Europe is a more trade-intensive economy its sensitivity is higher. Multinational investments in China are worth 2% of Europe's GDP compared with 1% for America.
Now talk of de-risking is now all the rage in board rooms from Brussels to Boston and beyond. But what it really means for companies or for policy-makers is still being assessed. Also still being assessed is whether Europe, with divergent interests and priorities among member states, can maintain a coherent China strategy.
Join us for a conversation on the priorities and complexities in EU-China relations.
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