EU softens China strategy by adopting 'de-risking' approach

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. The bloc took the view that supply chains for chemicals for electric vehicle batteries and semiconductors were especially vulnerable to a severing of ties with Beijing. "The EU will continue…