Five Tools Europe Will Use to Counter China’s Geopolitical Rise
- The EU will unveil its economic security strategy this week
- The bloc is looking to protect industrial, defense sectors
This article is for subscribers only.
The European Union is looking at an array of tools to ensure it punches at its global weight, as countries such as China and Russia show an increasing willingness to use trade and the control of critical supply lines to further political and military goals.
The European Commission, the EU’s executive arm, will unveil on June 20 its economic security strategy, which will outline business and security risks to the bloc, policy measures it has at its disposal to combat those risks, as well as options for new protective measures to ensure it can ward off attempts at economic coercion by its rivals.