Current:Home > FinanceDivides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing -TradeBridge
Divides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing
PredictIQ View
Date:2025-04-10 03:28:14
BEIJING (AP) — The leaders of China and the European Union were holding wide-ranging talks Thursday that included their disputes over trade and a deep divide on the war in Ukraine.
Chinese President Xi Jinping met at a state guesthouse in Beijing with the two European presidents, Ursula von der Leyen from the EU Commission and Charles Michel from the EU Council. The two European leaders were going to meet Premier Li Qiang, China’s No. 2 leader, later on Thursday.
The European Union is calling on China to improve market access for products from its 27 member countries to address an annual trade imbalance of more than $200 billion between the two sides. China exported $458.5 billion worth of goods to the EU in the first 11 months of this year, and imported $257.8 billion, according to Chinese customs data released Thursday.
The EU also has angered China by launching an investigation into the latter’s subsidies for electric vehicles to determine whether they give manufacturers in China an unfair competitive advantage in European markets.
“China has never deliberately pursued a trade surplus,” Foreign Ministry spokesperson Wang Wenbin said ahead of the summit. He noted recent import and supply chain expos that he said encourage foreign companies to sell to the Chinese market of 1.4 billion people.
Wang also took aim at possible EU restrictions on technology exports to China. “I’m afraid it’s unreasonable if the EU imposes strict restrictions on the export of high-tech products to China while expecting a significant increase in exports to China,” he said.
The EU is looking for better market access for a range of products including cosmetics, infant formula and wine and other alcoholic beverages.
China has angered the EU by taking a neutral stance in what most European countries see as a Russian war of aggression against Ukraine. The EU is calling on China to use its influence with Russia to end the invasion, ensure that exports from or via China are not aiding Russia’s war effort and support Ukrainian President Volodymyr Zelenskyy’s peace formula.
Von der Leyen, as commission president, heads the day-to-day business of the EU, while Michel chairs the summits of EU leaders.
veryGood! (9738)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- WNBA’s Riquna Williams arrested on felony domestic violence charges in Las Vegas
- Mark Lowery, Arkansas treasurer and former legislator who sponsored voter ID law, has died at age 66
- If you see an invasive hammerhead worm, don't cut it in half. Here's how to kill them.
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Kevin Spacey Found Not Guilty on 9 Sexual Misconduct Charges
- Giants lock up LT Andrew Thomas with five-year, $117.5 million contract extension
- Pink Summer Carnival setlist is a festival of hits. Here are the songs fans can expect.
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Dennis Quaid says Christianity helped him through addiction, plans gospel album
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Virginia athletics organization plans no changes to its policy for trans athletes
- NYC plans to set up a shelter for 1,000 migrants in the parking lot of a psychiatric hospital
- MLB commissioner Rob Manfred receives four-year extension into 2029
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Coastal Chinese city joins parts of Taiwan in shutting down schools and offices for Typhoon Doksuri
- The Fed's hot pause summer gets an ice bath: Interest rates rise again
- USWNT vs. the Netherlands: How to watch, stream 2023 World Cup Group E match
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Alpha Phi Alpha, oldest Black fraternity, moves convention from Florida due to 'hostile' policies
Guy Fieri Says He Was Falsely Accused at 19 of Drunk Driving in Fatal Car Accident
S Club 7 Recalls the Awful Moment They Learned of Paul Cattermole's Death
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Las Vegas Aces' Riquna Williams arrested on domestic battery, strangulation charges
As sneakers take over the workplace, the fashion phenomenon is making its way to Congress
US and Australia deepen military ties to counter China