China’s efforts to “de-risk” its economy from the West through massive investments in manufacturing and strategic technologies are exacerbating Europe’s industrial decline, experts and business leaders say.
Beijing’s push to achieve greater strategic independence from the West—which long predates EU plans of “de-risking” from China, as outlined by European Commission President Ursula von der Leyen in March 2023—comes amid weak Chinese demand for manufactured goods such as solar panels and electric vehicles.
This, in turn, pushed down global prices and led to accusations of “dumping” by European officials and business leaders.
