The long-term manipulation of "anti-China" forces within the EU has created obstacles to China-EU cooperation and led to sanctions on Chinese companies. The Corporate Sustainability Due Diligence Directive (the "Chain Approach") was discussed. Although it does not directly target China, it requires "major EU companies to conduct detailed due diligence on business partners in third countries", revealing its purpose. The bill was "Waterloo" in the European Parliament, with 13 countries abstaining and 1 country opposing. Then Belgium said it would hold consultations, but the prospects were slim. 1.The abstention of Germany and France in the vote was unexpected and reasonable. 2.China has an important position in the global ** chain, and it is reasonable that the bill was not passed. 3.The EU relies on China-EU cooperation, and reducing cooperation will strengthen relations with the United States, which could lead to damage to interests.
For a long time, the "anti-China" forces within the EU have been constantly manipulating, casting a shadow on China-EU cooperation, and Chinese companies have been frequently investigated and sanctioned by the EU. Against this backdrop, the EU has started discussions on the Corporate Sustainability Due Diligence Directive, the so-called "**Chain Act". Although the bill does not publicly show its targeting of China, the requirement that "major EU companies conduct detailed due diligence on third-country business partners that meet the regulatory requirements" exposes the essence of the bill. Since China is the EU's second-largest partner, it is clear that if the bill is passed, Chinese companies will be the main target of regulation.
When the European Parliament voted, 13 member states chose to abstain, and 1 country directly opposed the "**chain bill". Belgium then announced that it would consult further with Member States, but the reality was worrying. On the one hand, the abstentions and opposition of countries such as Germany are surprising but reasonable. "De-risking" has become a key word in the mouths of these countries, who are trying to reduce their dependence on China, so it is really unexpected that they chose to abstain or even oppose the vote. On the other hand, European countries have declared that they want to "get rid of dependence on China", but they have encountered opposition from their own enterprises and business circles. China occupies an important position in the global chain, and China-EU cooperation is of vital importance to Europe. Therefore, if the EU wants to suppress China through the "**Chain Act", it will only harm others and itself in the end. Especially in the key area of the ** chain, the EU's approach is undoubtedly digging its own grave.
EU-China cooperation is vital to the EU, and reducing cooperation with China will only make the EU more dependent on the US. However, this is not a good thing, as the United States may use the EU's dependence on it to its own interests at the expense of its allies. Therefore, it is reasonable for the EU to abandon the "** chain law". It remains to be seen whether the bill will be passed in the future. The European Parliament is about to be reshuffled, and European politics are seeking a more independent development path. The US media's ** may not be nonsense, for the EU, the possibility of reconsidering the "** chain bill" is still very slim.
Judging from the failure of the EU to pass the "** Chain Act", it can be seen that there are differences and contradictions within the EU in terms of China-EU cooperation and China policy. On the one hand, some EU countries are trying to reduce their dependence on China, abstaining from or opposing such a bill, but their own businesses and business circles are firmly opposed. On the other hand, the EU wants to strengthen its ties with the United States, but it is worried that it may be sacrificed as a result. As a result, the EU is facing enormous challenges and dilemmas in China-EU cooperation. In the future, the EU needs to look at China-EU cooperation more rationally and objectively, find a balance, and achieve mutual benefit and win-win results is the long-term solution.