“The coronavirus pandemic sounded the alarm on over-reliance on China and served as a wake-up call on diversification and self-sufficiency.
“The EU is adopting a ‘wait and see’ approach on the outcome of the China-EU investment deal negotiations, especially any major political commitment by President Xi Jinping in the upcoming video summit with EU leaders on September 14, as well as the presidential election result in the US which may reshape its relationship with Washington.”
China threatened to impose sanctions on the EU after the European Parliament passed a resolution in June to bring China before the International Court of Justice over its decision to adopt the new law.
In the resolution adopted by 565 votes to 34, with 62 abstentions, MEPs claim China’s decision to impose national security legislation on Hong Kong violates the Sino-British Joint Declaration and the International Covenant on Civil and Political Rights (ICCPR).
The resolution concluded the parliament “believes that the EU should use its economic leverage to challenge China’s crackdown on human rights by economic means”.
But China claims the EU had distorted the facts.