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Reuters
Reuters
Business
By Andrew Gray and Sabine Siebold

EU ministers back plan to reduce economic reliance on China

FILE PHOTO: An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing, China June 25, 2018. REUTERS/Jason Lee

European Union ministers on Friday backed reducing the bloc's economic dependence on China but will now have to figure out how to make that a reality, foreign policy chief Josep Borrell said.

Borrell said foreign ministers gave broad backing to a plan to adjust policy on China to place greater emphasis on its role as a political rival, while continuing also to see Beijing both as a partner on global issues and an economic competitor.

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