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Spain’s Chinese Gamble: A Risk Europe Cannot Ignore (europeantimes.org)

submitted 1 day ago by Sepia@mander.xyz to c/world@lemmy.world

3 comments fedilink hide all child comments

cross-posted from: https://mander.xyz/post/41667815

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[When Spain's King Felipe visits China] Madrid will describe it as a gesture of goodwill and opportunity. In reality, it is a calculated gamble that may cost Spain and Europe far more than it gains. Behind the ceremonial smiles lies a strategic miscalculation, engaging Beijing on Beijing’s terms at a time when the European Union is struggling to build a coherent position on China.

...

Spain’s enthusiasm for Chinese capital also reveals a worrying short-sightedness. Madrid faces a large trade deficit with China and believes new projects can offset it. In practice, they seldom do. Chinese investors import their own supply chains, labour, and technology. They create limited local value while drawing European know-how into Chinese networks. Spain risks seeing its renewable energy and manufacturing sectors absorbed into Beijing’s wider strategic designs, leaving it exposed if relations sour or global trade tensions rise.

...

When an EU member breaks ranks, it weakens the credibility of that approach and gives China a wedge to exploit divisions inside the bloc. This fragmentation is exactly what Chinese diplomacy aims for. Every bilateral agreement, every royal handshake, chips away at Europe’s collective leverage.

...

If Spain chooses to play Beijing’s game, it may soon discover that the price of Chinese goodwill is far higher than it expected.

...

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[–] Sepia@mander.xyz 1 points 1 day ago

As an addition:

European partners criticize Spain's relationship with China as the Kings dine with Xi Jinping

Germany, France, Italy, and the Netherlands have shown their concerns towards the Asian country, an attitude and positioning that sharply contrasts with Spain's approach

... "The Italian Minister of Economy, Giorgetti, already called on the European Union to adopt a united stance against China to curb the threat to our industry. A similar sentiment exists in Germany, where the government coalition is taking the lead in reviewing the trade policy between China and Germany. The Netherlands has made a decision regarding Nexperia, and France is considering measures against Shein," these same sources elaborate ...

Regarding the case of Shein, French authorities ordered the inspection of up to 200,000 packages from the company last week to check for possible violations of regulations, a measure intertwined with the Paris Prosecutor's decision to initiate an investigation for "dissemination of images or representations of minors of a pornographic nature" affecting this same company, as well as the Chinese platforms AliExpress and Temu ...

The European Commission prefers not to comment at this time. In the past, they were very critical of Pedro Sánchez's government, especially when the Prime Minister visited China and requested not to impose tariffs on Chinese electric cars during EU-China negotiations ...