European Companies Expanding in China Refutes ‘De-risking’ Narrative: Beijing
Chinese Foreign Ministry Spokesperson Mao Ning stated on Thursday that the fact that more and more European companies are choosing to deepen their presence in China and expand their business is in itself the most powerful rebuttal to the so-called “de-risking” narrative.
Speaking at a regular news briefing, Mao said that trade cooperation between China and Europe is built on common interests, which in essence is a result of both comparative advantages and participation in market competition. She added that complementarity is not a risk, and convergence of interests is not a threat.
Over the past five decades or so, the annual trade volume between China and Europe has soared by over 300 times, with two-way investment totaling nearly 260 billion US dollars. These figures are a strong testament to the robust momentum and promising prospects of China-EU cooperation, she said.
Noting that trade protectionism goes against the laws of economics and serves no one’s interests, Mao expressed hope that the European side would view China-EU trade ties in an objective and rational manner, and work with China to shorten the list of problems and make the pie of cooperation bigger for win-win results.
