Xi courts EU while Brussels demands trade rebalance
Chinese President Xi Jinping (3rd-L) speaks with the President of the European Commission Antonio Costa and the President of Foreign and Security Policy, the President of Ursula von der Lenin, and the European Commission Kaja Kallas, the vice president of the European Commission during the opening statements of the 25th European Union-Being.
Andres Martinez Casares | AFP | Getty Images
While the Chinese President Xi Jinping promised deepen relations with the European Union, Bloc’s senior official expressed his concerns about an increasing trade imbalance and underlined the strains under diplomatic subtlety.
Chinese and EU leaders held a meeting on Thursday. 25. EU-China Summit continued.
Xi described the bilateral relationship as “mutual useful”, and the bonds become more important as geopolitical tensions are mounted globally. According to CNBC’s translation, Xi said, “The more violent and complex, the more complex, China and the EU need to further strengthen communication, improve mutual confidence and deepen cooperation.” He said.
However, the Chairman of the Council of Europe Antonio Costa and the European Commission President Ursula von Der Leyen, the Chinese leader, called for the increasing trade imbalance between the two major economies, hit a tighter tone.
“We have reached a point of bending. It is very important to balance our bilateral relationship,” he said. official readingEmphasizing that both parties should “accept relevant concerns and come to the fore with real solutions”.
Trade tensions globally entered the center this year and EU-China relations were forced to export by excessive industrial supply due to Beijing’s weakening of domestic demand.
China’s second largest trade partner, the block, raised tariffs in Chinese electric vehicles last year, and Beijing Europe Brendi, milk and pork to start anti-dumping probes.
Daniel Balazs, a research assistant at the Rajaratnam School of International Research, emphasized the basic differences in the goals of the two sides, Daniel Balazs, “What we see is the repetition of both sides,” he said.
The EU wants “more balanced economic ties” and China to do more to bring Russia to the negotiation table on the Ukrainian conflict, but Beijing wants to reversed the EU’s restrictions on Chinese companies and their electric vehicles.
At the beginning of this month, Von Der Leyen said that China “Russia has provided the economy of war”, he said.
China had goods trade in the first half of this year About 143 billion dollars of surplus According to official customs data, 21% higher than the European Union is 21% higher.
