ExclusiveWhy deeper China ties matter as Europe seeks to power its AI ambitions beyond America
Euro architect Christian Noyer says Chinese capital can help Europe build AI, green industries and strategic autonomy as it revamps markets
Christian Noyer, a founding vice-president of the European Central Bank, former governor of the Bank of France and lead author of a landmark proposal to integrate the continent’s capital markets, said Europe should remain open to Chinese investment as it sought greater economic independence.
“We cannot rely entirely on America,” said Noyer – referring to Europe’s urgent need to develop its own artificial intelligence and technology infrastructure – in an interview with the South China Morning Post on Tuesday.
His comments came as Europe navigates an increasingly difficult position between the world’s two largest economies.