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EU sets out 10-point plan to rebalance China ties

AFP  |  Brussels 

The EU on Tuesday set out a 10-point plan aimed at rebalancing relations with as fears grow about Chinese and influence on critical infrastructure, including new

European leaders will be asked to sign off on the proposals at when they meet next week in Brussels, with senior officials urging them to take action to protect EU values and standards, warning that is a "rival" as well as the bloc's biggest trading partner.

The move comes with the US urging European allies to abandon plans to use Chinese firm in telecom infrastructure plans, especially 5G networks, arguing it could serve as a front for spying.

The EU last month also took a major step towards toughening up scrutiny of foreign takeovers, with acknowledging there was "no secret" about concerns over

Trade between the EU and is worth more than a billion euros a day but said the EU needed "more balanced and reciprocal conditions" in economic ties.

"The EU must... more assertively promote reciprocity in our trade and relations, foster a level playing field and protect our economic, social and political models," Katainen said.

The EU is concerned about China's failure to open up its markets to foreign competitors and the distorting influence of subsidies for state-run enterprises.

Tuesday's proposals include measures to push to agree to reforms of rules, particularly on subsidies and forced transfers of technology.

The controversy has thrust the issue of -- which promise near-instantaneous connectivity, vast data capacity and to Europeans -- to the top of the agenda.

strenuously denies its equipment could be used for espionage, but a number of countries have bowed to US pressure and banned the company's

Katainen said would "profoundly change the way our societies are working" and urged EU countries to follow a united approach.

The commission will issue a separate statement on 5G later this month. Katainen said the bloc was open "for all operators who comply with our rules".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 12 2019. 23:55 IST