15 November 2022 | Other

EU leader says Europe should avoid over-reliance on China

On Tuesday, European Council President Charles Michel expressed concern about Europe's potential over-reliance on China. He stressed that a balance must be struck in such relations, especially in the area of innovative technologies. 

Michel spoke positively about the meeting between the U.S. and China heads. Joe Biden managed to meet with Xi Jinping on Monday, forming an image of healthy competition between the countries rather than permanent conflict, which the president of the European Council also noted.

At a press conference before the G-20 summit, Michel said that cooperation between Europe and China will continue in any case, despite the different views on certain things. Both sides need to listen carefully to each other, as this is the basis for mutual understanding and fruitful cooperation.

Company MarketCheese
Brent sell
Period: 06.02.2026 Expectation: 450 pips
Brent prices lose upward momentum and prepare for correction
30 January 2026 34
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 31.08.2026 Expectation: 35200 pips
Investing in BTCUSD down to $72,800
30 January 2026 34
Period: 28.02.2026 Expectation: 1100 pips
Buying SPX from support at $6,820
30 January 2026 15
Period: 06.02.2026 Expectation: 1200 pips
GBPUSD correction extends ahead of new Fed Chair announcement
30 January 2026 20
Period: 06.02.2026 Expectation: 1870 pips
AUDCAD is poised to rise ahead of RBA meeting
30 January 2026 16
Period: 06.02.2026 Expectation: 30000 pips
Investing in ETHUSD with $2,700–$2,800 range on horizon
29 January 2026 49
Go to forecasts