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EU softens China strategy by adopting ‘de-risking’ approach
Decision agreed quickly at Brussels summit of leaders as bloc highlights vulnerability of supply chains
EU leaders have launched a policy towards China of “de-risking”, a softening of its unofficial “decoupling” approach that reflects concerns over the economic damage of cutting off the world’s second-biggest economy or entering a trade war with it.
The decision was agreed quickly at a summit of leaders in Brussels after the European Commission chief, Ursula von der Leyen, went into the summit with consensus among the 27 member states.