France and Germany's foreign ministers, Catherine Colonna and Annalena Baerbock, respectively, jointly declared their nations' intention to 'de-risk' rather than 'decouple' from China's economy. This signifies a strategic shift towards reducing excessive dependencies on the world's second-largest economy.
The ministers emphasized a united front, highlighting the shared goal of mitigating economic vulnerabilities stemming from overreliance on China. They stressed a cautious approach, prioritizing a reduction in dependencies without completely severing economic ties.
A significant element of their joint statement was the call for China to exert pressure on Russia to end its ongoing war in Ukraine. This highlights the geopolitical dimension of their economic strategy, linking economic relations with the broader context of international security.
France and Germany’s top diplomats sought to present a united front on China, saying their countries must reduce their reliance on the world’s second-biggest economy and calling on Beijing to pressure Russia to end its war in Ukraine.
“We have a joint message: we are not seeking decoupling but rather to limit our dependencies when they are excessive,” French Foreign Minister Catherine Colonna said Wednesday at a joint news conference with her German counterpart, Annalena Baerbock, after talks in Paris. “We are talking about de-risking rather than decoupling.”
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