Current:Home > MarketsDivides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing -Wealth Legacy Solutions
Divides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing
SafeX Pro Exchange View
Date:2025-03-11 06:57:43
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! (512)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Some imprisoned in Mississippi remain jailed long after parole eligibility
- It's Beyoncé's birthday: 43 top moments from her busy year
- How to watch Hulu's 'The Secret Lives of Mormon Wives': Cast, premiere, where to stream
- Average rate on 30
- JD Vance’s Catholicism helped shape his views. So did this little-known group of Catholic thinkers
- Justin Theroux Shares Ex Jennifer Aniston Is Still Very Dear to Him Amid Nicole Brydon Bloom Engagement
- '1000-lb Sisters' star Amy Slaton arrested on drug possession, child endangerment charges
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Notre Dame, USC lead teams making major moves forward in first NCAA Re-Rank 1-134 of season
Ranking
- This was the average Social Security benefit in 2004, and here's what it is now
- Inside Leah Remini and Angelo Pagán's Unusual Love Story
- JD Vance’s Catholicism helped shape his views. So did this little-known group of Catholic thinkers
- Man plows into outside patio of Minnesota restaurant, killing 2 and injuring 4 others
- What to watch: O Jolie night
- How does the birth control pill work? What you need to know about going on the pill.
- New Northwestern AD Jackson aims to help school navigate evolving landscape, heal wounds
- Lip Markers 101: Why They’re Trending, What Makes Them Essential & the Best Prices as Low as $8
Recommendation
Trump's 'stop
Inside Mae Whitman’s Private World
Bachelorette’s Jenn Tran Details Her Next Chapter After Split From Devin Strader
NFL Sunday Ticket price breakdown: How much each package costs, plus deals and discounts
Senate begins final push to expand Social Security benefits for millions of people
Travis Barker's FaceTime Video Voicemails to Daughter Alabama Barker Will Poosh You to Tears
Global stocks tumble after Wall Street drops on worries about the economy
Harris and Walz talk Cabinet hires and a viral DNC moment in CNN interview | The Excerpt