“CONFRONTATION”
Xi stated China and Europe shouldn’t view one another as rivals or “engage in confrontation” due to their completely different political programs.
China is prepared to make the 27-nation EU a key financial and commerce accomplice and to cooperate on science and expertise, together with synthetic intelligence, Xi stated.
He urged the EU in talks at Beijing’s Diaoyutai State Guesthouse to “eliminate all kinds of interference” within the bilateral relationship, state broadcaster CCTV reported.
Xi stated either side wanted to develop “a right perception” of one another, and encourage mutual understanding and belief.
Li stated at a separate assembly that China opposed the “broad politicisation and securitisation” of financial and commerce points in violation of the fundamental norms of market economies, CCTV stated.
“We hope that the EU will be prudent when introducing restrictive economic and trade policies and when using trade remedy measures to keep its trade and investment markets open,” Li stated.
A giant focus of the EU go to was to induce Xi to cease Chinese non-public corporations exporting European-made, dual-use objects to Russia for its navy marketing campaign in Ukraine.
Michel urged China to “engage constructively” on peace proposals by Kyiv, however EU officers gave no indication of motion on the problem of personal Chinese re-exports to Russia.
China has pushed again towards an EU anti-subsidy investigation into Chinese electrical autos and the EU’s “de-risking” coverage to cut back its reliance on Chinese imports, notably of essential uncooked supplies.
He Yadong, a Chinese commerce ministry spokesperson, stated China believed the investigation “seriously disrupts and distorts the global automotive industry chain … and will have a negative impact on China-EU economic and trade relations”.
Noah Barkin, senior visiting fellow on the German Marshall Fund, stated the summit was largely about “managing differences, and preventing a descent into confrontation”.
“The EU side achieved its main goal, which was to convey the seriousness of its concerns about imbalances in the trade relationship and China’s support for Russia,” he stated. “But it would be wrong to expect the fundamental economic and political changes from Xi Jinping that the EU is seeking.”
https://www.channelnewsasia.com/world/china-eu-leaders-agree-balanced-trade-ties-summit-3973621
