Cooperation Is At The Heart Of Human - for
Economic dependence cuts both ways and can create linkages that the other side does not want to jeopardize. While Europe may rely on China for the likes of protective masks or electronic components, China needs European machinery and specialized equipment to manufacture these goods. However, in times of growing political divergence and economic competition between the two sides, some areas of their economic interdependence are increasingly becoming a matter of concern in Brussels, European capitals, and Beijing. Supply-chain disruptions during the start of the Covid pandemic in Europe have further reinforced fears of overdependence on China. The EU is currently reevaluating its relations with China. There is a growing realization that deeper integration and potential overexposure come with political risks that could compromise the strategic autonomy of the EU and its member states. And while the EU is reflecting on its vulnerabilities, China is accelerating its efforts towards greater economic and technological autarky. Long-standing unresolved issues with the EU — such as lack of market access, state subsidies, and the expanding reach of the Chinese Communist Party into the economy — are becoming more pronounced as China pushes for more economic self-reliance. As mutual anxiety about dependence grow, miscalculations on both sides risk severing established globally integrated supply chains. Cooperation Is At The Heart Of HumanMain navigation
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