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Key FactsAccording to von der Leyen, the EU should seek to de-risk rather than decouple from China.

Apr 6, 2023 · Reading time: ~20 sec.
Summary created with AI assistance

Reuters, DAVOS, Switzerland, Jan 17 Instead of seeking to decouple from the world's second-largest economy, European Commission President Ursula von der Leyen said on Tuesday that the EU should work and trade with China on clean technology and push for a level playing field.

In a speech at the World Economic Forum (WEF) annual meeting in Davos, Von der Leyen stated that China has prioritized clean tech innovation and manufacturing in its five-year plan, dominating in sectors such as electric vehicles and solar panels.

"So we need to focus on de-risking rather than decoupling," she explained.

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