It's crucial to fix effective cooperation rules

The EU-China Summit was finally held in Beijing on Thursday. Tensions ahead of the EU-China Summit are clearly visible. The European Commission has adopted its so-called "de-risking" strategy of cautious cooperation with China while making sure the EU's strategic industries and supply chains are independent or at least not completely under the direct influence of China. And the European Parliament is yet to ratify the EU-China Comprehensive Agreement on Investment, because of the sanctions imposed on some members of the European Parliament by the Chinese side.

However, the EU's de-risking from China is not the same as "de-coupling".The global markets are highly interdependent, and since China is an important global economic player, it's impossible for any country to de-couple from China, with even the United States rejecting the idea.

The European Union is slowly but surely turning toward a so-called effective approach to China.