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
Period: 02.11.2026 Expectation: 5150 pips
GBPUSD sell-off targets 1.27000
Today at 10:47 AM 20
Period: 31.12.2026 Expectation: 1610 pips
Go long on AUDUSD with 0.7200 in sight
Today at 10:04 AM 19
Period: 16.10.2026 Expectation: 500 pips
Invest in Brent crude with $106 in view
Today at 08:55 AM 31
Period: 30.11.2026 Expectation: 1000 pips
Buy AUDCAD from channel's lower boundary
Yesterday at 10:04 AM 26
Period: 31.12.2026 Expectation: 1000 pips
Buy SPX up to $7,800
Yesterday at 10:04 AM 30
Period: 01.11.2026 Expectation: 6300 pips
Go short on USDJPY as intervention odds rise
Yesterday at 10:02 AM 27
Go to forecasts