World

‘EU Must Prepare for China Decoupling if Taiwan Invaded’

 

The European Union needs to put together a “de-coupling” plan in case China invades Taiwan, or risk being caught unprepared like it was when Russia invaded Ukraine. 

Lithuania’s Foreign Minister Gabrielius Landsbergis said he was not advocating a “de-coupling” from China, but pointed to the break with Moscow over Russia’s attack on Ukraine in February 2022 as the type of risk for which the bloc needed to be ready.

Nobody had called for a decoupling from Russia, yet “here we are”, he said.

 

Also on AF: Tesla Tells China it Needs to Update Software on 1m Cars

 

“Somebody has to devise a possibility that a de-coupling might happen – not because we wished it, like with Russia, not because we willed it but because the situation, for example in the Taiwan Strait, has been changed by force,” he told reporters as he arrived for a meeting with EU counterparts in Stockholm.

Europe would have to react to such a development, “and the reaction would lead to some sort of a de-coupling”, Landsbergis said.

The EU has been struggling to recalibrate its relations with a China, which is seen as much more assertive than in the past, drawing lessons from what is regarded as a failed Russia policy that strongly relied on energy imports from Moscow.

Leaders such as European Commission chief Ursula von der Leyen and German Chancellor Olaf Scholz have called for a “de-risking” but not a de-coupling from China.

French President Emmanuel Macron, however, recently provoked a backlash when he called on the EU to reduce dependence on the US and cautioned against being drawn into a crisis over Taiwan driven by an “American rhythm and a Chinese overreaction”.

 

  • Reuters with additional editing by Sean O’Meara

 

Read more:

EU Plans Sanctions on 7 Chinese Firms Aiding Russia’s War – FT

Warren Buffett Says He Prefers Investing in Japan to Taiwan

China Bid to Ease EU Uproar Over Remark on Ex-Soviet States

Taiwan Invasion ‘Could Wipe Off up to $1 Trillion Per Year’

 

 

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

Recent Posts

Wall St ‘Steered Billions Into Blacklisted China Firms’ – Nikkei

Chinese companies invested in included the Aviation Industry Corp of China, a defence conglomerate that…

3 hours ago

China Orders Apple to Cut WhatsApp, Threads from App Store

US tech giant said Beijing ordered it to cut the messaging apps because of national…

3 hours ago

Nikkei Slumps, Hang Seng Dips as Middle East Fears Grip

Israel’s missile attack on Iran sent investors heading for safe-haven currencies, gold and crude oil

4 hours ago

Study Shows Half of China’s Big Cities Sinking, Rising Seas Risk

Multi-year satellite study finds 45% of big Chinese cities are subsiding over 3mm a year,…

5 hours ago

US ‘Pressured’ Mexico to Reel Back China EV-Maker Incentives

US lawmakers are worried Chinese automakers will use Mexico as a back door to sell…

18 hours ago

Chinese Spies Targeting Dutch Tech: Intelligence Agency

The Dutch security agency – MIVD – said China has zeroed in on the country’s…

20 hours ago