Borrell to China: Recognize EU’s standalone geopolitical might

The post Borrell to China: Recognize EU’s standalone geopolitical might appeared on BitcoinEthereumNews.com. Josep Borrell, the EU’s premier diplomat, issued a no-nonsense message during his maiden voyage to Beijing since the onslaught of the pandemic: China must recognize the European Union’s inherent geopolitical prowess and not simply view the union in the shadow of its alliances, most notably with the US. In a candid manner, often missing from diplomatic engagements, Borrell made clear that Europe isn’t merely an economic powerhouse, but a formidable geopolitical entity. The EU’s Assertive Stance on Global Affairs The recent turmoil in Ukraine acted as a metamorphic event for the European Union, catapulting it from merely an economic entity to a genuine player on the world’s geopolitical stage. Borrell emphasized the new stance the union has adopted and urged China to engage with the EU without constantly filtering the relationship through a third-party lens. This change in perspective is of prime importance, especially when global superpowers like China attempt to maneuver international alliances to their advantage. The timing of Borrell’s visit is no mere coincidence. China, under increasing scrutiny and competition from the US, is attempting to solidify its diplomatic bonds with Europe. The United States’ intensified focus on curbing the sale of cutting-edge tech to China hasn’t been well-received in Beijing. To add fuel to the fire, Europe too is now considering tightening the noose around the export of groundbreaking semiconductor technology to China, seemingly after considerable nudging from the US. Wu Hongbo, Beijing’s special representative on European affairs, expressed his discontent clearly. He emphasized that decisions on Europe’s trade with China should remain a European prerogative, devoid of external influences, hinting towards the evident American influence. Trade Imbalance and Its Potential Repercussions Borrell didn’t mince words when it came to the ballooning trade surplus China boasts with Europe. Clocking in at a staggering €396bn last year, Borrell…

Oct 15, 2023 - 05:00
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Borrell to China: Recognize EU’s standalone geopolitical might

The post Borrell to China: Recognize EU’s standalone geopolitical might appeared on BitcoinEthereumNews.com.

Josep Borrell, the EU’s premier diplomat, issued a no-nonsense message during his maiden voyage to Beijing since the onslaught of the pandemic: China must recognize the European Union’s inherent geopolitical prowess and not simply view the union in the shadow of its alliances, most notably with the US. In a candid manner, often missing from diplomatic engagements, Borrell made clear that Europe isn’t merely an economic powerhouse, but a formidable geopolitical entity. The EU’s Assertive Stance on Global Affairs The recent turmoil in Ukraine acted as a metamorphic event for the European Union, catapulting it from merely an economic entity to a genuine player on the world’s geopolitical stage. Borrell emphasized the new stance the union has adopted and urged China to engage with the EU without constantly filtering the relationship through a third-party lens. This change in perspective is of prime importance, especially when global superpowers like China attempt to maneuver international alliances to their advantage. The timing of Borrell’s visit is no mere coincidence. China, under increasing scrutiny and competition from the US, is attempting to solidify its diplomatic bonds with Europe. The United States’ intensified focus on curbing the sale of cutting-edge tech to China hasn’t been well-received in Beijing. To add fuel to the fire, Europe too is now considering tightening the noose around the export of groundbreaking semiconductor technology to China, seemingly after considerable nudging from the US. Wu Hongbo, Beijing’s special representative on European affairs, expressed his discontent clearly. He emphasized that decisions on Europe’s trade with China should remain a European prerogative, devoid of external influences, hinting towards the evident American influence. Trade Imbalance and Its Potential Repercussions Borrell didn’t mince words when it came to the ballooning trade surplus China boasts with Europe. Clocking in at a staggering €396bn last year, Borrell…

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