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2023年9月28日

Mark O’Neill EJ Insight

Europe should de-risk from China, but not disengage

The most prominent European businessman in China says that Europe should "de-risk" from China but not disengage. "If you refuse to sit at the table with China, then you will be on the menu." Joerg Wuttke is Emeritus Chairman of the European Chamber of Commerce in China and CEO of BASF in the country. Next year he is moving to a new job in Washington D.C. after nearly 40 years in China. "I see China as an increasingly important part of the world economy. Political leaders in the U.S. and, to a lesser extent in Europe, have called on companies to move their supply chains out of China. This is too expensive and complicated. It will only happen in security-related areas, where governments are willing to pay for the move," he said. ...

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