Senior Correspondent for Europe at the South China Morning Post.
Tracking the shifting tectonic plates of global trade and geopolitics.
All posts should be heard in a Fermanagh accent.
Finbarr Bermingham
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A great chart in here that illustrates how much is resting on Germany's position at next week's European Council debate on China.
Nowhere else in Europe comes close to the level of exposure to Chinese industrial exports
nexoeuropa.substack.com/p/nexo-europ...
Some China-related points from the just-published EU-South Korea joint statement:
1. "We reiterate our support for the freedom of navigation and overflight, including in the South China Sea, in accordance with the United Nations Convention on the Law of the Sea."
6. "We recognise the importance of maritime security, including ensuring freedom of navigation and overflight and protecting critical undersea infrastructure, in accordance with international law, in particular the United Nations Convention on the Law of the Sea (UNCLOS)."
7. "We underscore the importance of further deepening our bilateral cooperation in areas of strategic importance for our economies, notably, trade, investment, supply chains, digital, advanced technologies, energy, and innovation."
3. "Global macroeconomic imbalances have widened and warrant renewed policy attention. We will work together within the G20 and other relevant frameworks to address excessive imbalances in a cooperative and timely manner to avoid a disorderly adjustment"
4. "Agree to continue joint efforts to tackle global steel overcapacity, including through Global Forum on Steel Excess Capacity"
5. We will work together, through relevant bilateral fora & partners to promote diversified & resilient supply chains thru strategic diversification"
2. "We stress the importance of preserving peace and stability across the Taiwan Strait and oppose unilateral attempts to change the status quo in the Indo-Pacific."
8. "We will launch the EU-Republic of Korea Competitiveness Partnership to enhance competitiveness and economic resilience in a structured manner."
Full statement here:
Renault's CEO: the European Union should encourage Chinese car makers to go beyond assembling cars in Europe and source auto parts in the region too. "I think the good way for Europe is really to set a deal with China based on this strategy"
www.reuters.com/worl...
