Current:Home > InvestDivides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing -ProgressCapital
Divides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing
View
Date:2025-04-18 15:13:02
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! (34733)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Judge rather than jury will render verdict in upcoming antitrust trial
- Bravo's Captain Lee Rosbach Reveals Shocking Falling Out With Carl Radke After Fight
- These Ghostbusters Secrets Are Definitely Worth Another 5 a Year
- Trump wants to turn the clock on daylight saving time
- Authorities bust LEGO theft ring, find over 2,800 toys at home in Long Beach, California
- House explosion in northern Virginia was caused by man igniting gasoline, authorities say
- Kristaps Porzingis' instant impact off bench in NBA Finals Game 1 exactly what Celtics needed
- 'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
- Appeals court upholds conviction of British national linked to Islamic State
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Internet group sues Georgia to block law requiring sites to gather data on sellers
- Who are the highest-paid players in the WNBA? A list of the top 10 salaries in 2024.
- Dozens of people, including border agent, charged in California drug bust linked to Sinaloa Cartel
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Ford recalls more than 8,000 Mustangs for increased fire risk due to leaking clutch fluid
- John Stamos talks rocking through Beach Boys stage fails, showtime hair, Bob Saget lessons
- Who will win Stanley Cup? Florida Panthers vs. Edmonton Oilers picks, predictions and odds
Recommendation
Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
Caitlin Clark's next game: How to watch Indiana Fever at Washington Mystics on Friday
Biden says he would not pardon son Hunter if he's convicted in gun trial
Alex Jones to liquidate assets to pay Sandy Hook families
3 years after the NFL added a 17th game, the push for an 18th gets stronger
Dozens of people, including border agent, charged in California drug bust linked to Sinaloa Cartel
Carlos Alcaraz reaches his first French Open final by beating Jannik Sinner in 5 sets over 4 hours
Billy Ray Cyrus Shares Message to Miley Cyrus Amid Alleged Family Rift