Today will see the 1st ๐ช๐บ๐จ๐ณ #EUChinaSummit in 2 years. It was planned before ๐ท๐บPutin's invasion of ๐บ๐ฆ, but the topic will obviously dominate today's talks.
The big question: can ๐ช๐บ use its economic leverage to stop ๐จ๐ณ aiding ๐ท๐บ, and should Europe use a carrot or stick approach?
The big question: can ๐ช๐บ use its economic leverage to stop ๐จ๐ณ aiding ๐ท๐บ, and should Europe use a carrot or stick approach?
Ahead of the summit, a senior EU official noted ๐จ๐ณ has over past 3 decades economically benefitted from the system of international rules that's now under threat from #Putin, therefor should want to side with ๐ช๐บ๐บ๐ธ.
But ๐จ๐ณ's interests now may be more geopolitical than economic.
But ๐จ๐ณ's interests now may be more geopolitical than economic.
"Do you [๐จ๐ณ] want to endanger the stability and growth prospects of the global economy and your own country?โ asked the EU official.
The stick approach: If ๐จ๐ณ supplies ๐ท๐บ for #UkraineWar or helps it evade sanctions, may get less economic access to West (or face sanctions itself)
The stick approach: If ๐จ๐ณ supplies ๐ท๐บ for #UkraineWar or helps it evade sanctions, may get less economic access to West (or face sanctions itself)
Two years ago, to the great displeasure of ๐บ๐ธ, the ๐ช๐บ signed an investment partnership with ๐จ๐ณ. But it fell apart as political tensions with Beijing increased.
The carrot approach: If ๐จ๐ณ stays out of #UkraineWar and doesn't help ๐ท๐บ, the investment partnership could be revived.
The carrot approach: If ๐จ๐ณ stays out of #UkraineWar and doesn't help ๐ท๐บ, the investment partnership could be revived.
What's the red line that would trigger retaliatory action against China for helping Russia?
Neither ๐ช๐บ or ๐บ๐ธ want to get specific. But the EU official said if China were to "actively provide military support and weapons to Russia" it is "no longer neutral".
Neither ๐ช๐บ or ๐บ๐ธ want to get specific. But the EU official said if China were to "actively provide military support and weapons to Russia" it is "no longer neutral".
The 1st part of the #EUChinaSummit, with ๐จ๐ณPM Li Keqiang, has just ended. 2nd part with President Xi Jinping will start at 14h.
Are the ๐ช๐บ presidents taking a carrot or stick approach? We'll find out at their post-summit press conference at 4.
In the meantime, some background:
Are the ๐ช๐บ presidents taking a carrot or stick approach? We'll find out at their post-summit press conference at 4.
In the meantime, some background:
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