EU Revives Strategy to Reduce Economic Reliance on China
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The European Union has launched two new proposals to accelerate its "de-risking" strategy with China. The move aims to reduce the bloc's heavy dependence on Chinese supplies of critical minerals.
The first proposal is an Economic Security Framework. Officials describe it as a new "operating system" for managing trade, competition, and economic policy. This system is designed to better identify and address strategic vulnerabilities.
A second plan focuses specifically on securing essential raw materials. It seeks to diversify the EU's sources for minerals like rare earths, which are vital for green and digital technologies.
Together, these blueprints form an upgraded economic strategy. The EU is acting to strengthen its resilience amid growing global trade tensions.