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France has advocated for “strategic autonomy” and the abandonment of the dollar

In an effort to lessen its reliance on the United States, France has advocated for “strategic autonomy” and the abandonment of the dollar. During his recent official state visit to China, the President of France, Emmanuel Macron, held a meeting with the leader of the Chinese Communist Party, Xi Jinping, that lasted for a total of six hours.

Following the conclusion of the meeting, Macron urged his fellow European nations to seek “strategic autonomy” and reduce their reliance on the United States dollar. Macron underlined the need for Europe becoming into a “third superpower,” most likely under the leadership of France, so as to avoid becoming entangled in crises that are not of its own making. He is of the opinion that the most significant threat that Europe is currently facing is the possibility that it may become entangled in such crises, which will prevent it from establishing its strategic autonomy.

Macron has in the past urged that dependency on the United States be reduced.

In November, when addressing the power interests of Russia and China as well as the possibility of conflict, Macron spoke of the need for a “one global order.” He has underlined that in order for Europe to become less dependent on the United States and China, it must exercise “strategic autonomy.”

The idea of strategic autonomy proposed by Macron has been eagerly supported by China.

The Chinese government has been putting a lot of emphasis on the idea that China is rising while the West is falling farther and further behind. “The contradiction would be that, seized with dread, we assume we are merely America’s followers,” Macron stated. He highlighted that the issue that Europeans need to answer is whether or not it is in their interest to hasten the catastrophe that is now taking place in Taiwan.

Ursula von der Leyen, the unelected President of the European Commission, accompanied Macron on his trip and emphasized the need of maintaining peace and stability in the area. She also stated that “the threat of the use of force to change the status quo is unacceptable.” Nevertheless, in response, Xi referred to as “deluded” anyone who believed they could influence the CCP’s stance on Taiwan. “Europe is more likely to tolerate a scenario in which China becomes a regional hegemon,” said Yanmei Xie, a geopolitical expert at Gavekal Dragonomics. Xie made this statement in reference to Europe.

The meek words made by Macron came after he and Xi “intensely” discussed Taiwan, according to French officials who accompanied the president on his visit to China. China’s military intimidation of Taiwan was ratcheted up just after French President Emmanuel Macron met with Chinese President Xi Jinping. Large-scale military drills were carried out by China in the waters surrounding the self-governing island of Taiwan, which Beijing claims as part of its sovereignty but which the United States has agreed to arm and protect.

Final Thoughts

Macron’s appeal for other European nations to seek “strategic autonomy” and lessen their reliance on the US currency may result in a new world order dominated by China as a regional hegemon. Macron made this statement in his speech at the Davos economic forum. It is unclear how other European states will respond to Macron’s call to action, which might lead to an escalation of tensions in the area.

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