Current:Home > NewsDivides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing -Blueprint Money Mastery
Divides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing
View
Date:2025-04-13 02:22:54
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! (269)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Missouri, Utah, Nebraska slammed by DOJ for segregating adults with disabilities
- Sean Penn is 'thrilled' to be single following 3 failed marriages: 'I'm just free'
- Low-Emission ‘Gas Certification’ Is Greenwashing, Climate Advocates Conclude in a Contested New Report
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- 16-year-old track phenom Quincy Wilson doesn't qualify in 400m for Olympics
- What is Saharan dust and how will a large wave of it heading for Florida affect storms?
- Team combs fire-ravaged New Mexico community for remains of the missing
- The Super Bowl could end in a 'three
- More rain possible in deluged Midwest as flooding kills 2, causes water to surge around dam
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Kaitlyn Bristowe and Zac Clark Attend Same NHL Finals Game as Jason Tartick and Kat Stickler
- College World Series live updates: TV info, odds for Tennessee and Texas A&M title game
- Russia targets Ukrainian energy facilities with new barrage of missiles
- A South Texas lawmaker’s 15
- Supreme Court rejects appeal from Josh Duggar, former reality TV star convicted of child porn charges
- Active shooters targeting the public spiked from 2019 to 2023 compared to prior 5-year period, FBI report says
- 'Beverly Hills Cop' star Judge Reinhold says 'executive murder plot' crushed career
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Missouri, Kansas judges temporarily halt much of President Biden’s student debt forgiveness plan
Gun violence an 'urgent' public health crisis. Surgeon General wants warnings on guns
Alabama town’s first Black mayor, who had been locked out of office, will return under settlement
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
16-year-old track phenom Quincy Wilson doesn't qualify in 400m for Olympics
Fire at South Korea battery factory kills more than 20 workers in Hwaseong city, near Seoul
MLB power rankings: Can Rangers rally a World Series defense with Max Scherzer back?