Danish companies should continue to engage with China despite concerns about human rights and state intervention, according to Dansk Industri (DI) Vice Managing Director Thomas Bustrup. He emphasizes the importance of maintaining trade relations while upholding Danish and European values.
Bustrup acknowledges that China’s human rights record, surveillance practices, and state-subsidized industries raise valid concerns. However, he argues that isolating China is not the solution. Instead, he advocates for companies to adhere to ethical standards and legal requirements in their operations and influence change through their actions.
While acknowledging potential risks such as dependence on Chinese components containing rare earth elements, Bustrup believes that severing ties with China would be detrimental. He suggests that European nations should negotiate firmly and assert their interests while maintaining open communication.
According to DI, companies should be aware of the risks when operating in regions like Xinjiang, where human rights abuses have been reported, and take extra steps to ensure that they do not contribute to unethical practices. Bustrup highlights that while some companies might choose not to operate in China due to ethical considerations, it is unrealistic to completely disengage with the country.
Bustrup dismisses the notion that China aims for global domination, noting their focus is on economic development to maintain support for the Communist Party, and encourages companies to be assertive in safeguarding their interests and setting clear boundaries in their interactions with China.