Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-21-Speech-2-085"
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"en.20100921.4.2-085"2
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"Madam President, China is now a fabulously wealthy state, boosted by economic growth which, year in, year out, stands at between 8 and 15%. Its economic performance has earned it the title of workshop of the world, whereas, for some decades now, the United States has assumed the role of ultimate consumer.
China produces and sells, stimulating American consumption due to the fact that, alongside the goods sold, it provides the US with consumer credit. Therefore, China, which encourages American consumption more than its own, sees itself faced with requests from the rest of the world.
Such is the strategic interdependence between the United States and China that any real change in this odd partnership would impact more than just these two countries alone. As for relations between the EU and China, while they are vital, they obviously have less in common when it comes to the more important areas.
As long as it is in China and the United States’s interest to have European exports limited by an extremely strong euro, we are in a position of weakness. At the same time, ever since China became a member of the United Nations Security Council with a right of veto, it has also become a force to be reckoned with in the field of international relations.
This country which, in the course of this year, has become the second biggest military power, demands our attention in more ways than one. Stability now depends on China too. For all these reasons and all these issues, may I also add that we urgently need a European strategy for external relations."@en1
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