De-risk, don’t decouple, from the Chinese economy — this was the economic philosophy for the EU articulated by European Commission president Ursula von der Leyen at Davos last month. As organising principles go, it’s not a bad one, certainly better than Brussels’ nebulous “strategic autonomy” or the US’s disingenuous “worker-centred trade policy”.The EU has for years been attempting to attain and hold a middle ground. On the one side is the official US predilection for using its federal powers to decouple its economy from China’s. (It should be noted that it’s unclear how far this will work: overall US-China goods trade probably hit an all-time record last year.) On the other is the EU’s history of mainly letting commerce with China flow. But despite EU member states increasingly turning against Beijing, Brussels is struggling to construct tools to reduce a perceived dangerous reliance on Chinese trade.
去風險,而不是與中國經濟脫鉤——這是歐盟委員會(European Commission)主席烏爾蘇拉?馮德萊恩(Ursula von der Leyen)上月在達沃斯闡述的歐盟經濟哲學。這是一條不錯的組織原則,肯定比布魯塞爾方面含糊不清的“戰略自主”或美國虛偽的“以勞動者為中心的貿易政策”要好。