Why China and Europe need to talk and how they can cope with chaos
Joerg Wuttke lays blame on both sides for troubled relations and calls for a new Manhattan Project to break Chinese dominance on rare earths
Wuttke – now a partner at consulting firm DGA Albright Stonebridge Group in Washington – also called for a new Manhattan Project to break China’s dominance in the rare earths supply chain, during an interview in Beijing on Wednesday.
Internally, it has faced criticism that it lacks a coherent strategy on China despite repeatedly pledging to de-risk from the world’s second-biggest economy.
Relations with Beijing have continued on a downward spiral. Apart from long-standing rifts around manufacturing overcapacity and the protracted war in Ukraine, tensions have been rising in recent months over critical mineral supplies, investment and security.