Twin proposals aim to boost economic arsenal while cutting China dependence as 27-nation bloc fights for survival in era of trade warfare.

As it fights to survive in the new era of economic warfare, the European Union wants to turbo-boost efforts to de-risk its ties with China, using two new proposals. Launched on Wednesday, the blueprints will combine to upgrade the bloc’s economic arsenal and unpick its heavy reliance on China for critical minerals, including rare earths. The first, an economic security communication, will provide the EU with an “operating system” on which to manage its many trade, competition and economic…

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