EU leaders agree to cut reliance on China

European Union leaders pledged to reduce their economic dependence on China, as they concluded a two-day summit in Brussels on Friday.

The bloc’s leaders vowed to pursue a mutually beneficial economic relationship with Beijing that would “continue to reduce critical dependencies and vulnerabilities,” they said in a joint statement. 

“We must prevent strategic dependencies. It will take a few years for companies to diversify, but it will remain an economic cooperation which is also…