Current:Home > NewsDivides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing -Infinite Edge Capital
Divides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing
View
Date:2025-04-18 01:49:28
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! (88)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Which movie should win the best picture Oscar? Our movie experts battle it out
- Dakota Johnson and Chris Martin Privately Got Engaged Years Ago
- Deal Alert: Get 25% Off Celeb-Loved Kiehl’s Skincare Products in Their Exclusive Friends & Family Sale
- Trump issues order to ban transgender troops from serving openly in the military
- Indiana lawmakers pass bill defining antisemitism, with compromises
- Program that allows 30,000 migrants from 4 countries into the US each month upheld by judge
- How to watch the Anthony Joshua-Francis Ngannou fight: Live stream, TV channel, fight card
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Why Fans Think Ariana Grande’s New Music Is About ex Dalton Gomez
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Labor market tops expectations again: 275,000 jobs added in February
- 2024 NFL free agency: Predicting which teams top available players might join
- School shootings prompt more states to fund digital maps for first responders
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- RNC votes to install Donald Trump’s handpicked chair as former president tightens control of party
- Lead-tainted cinnamon has been recalled. Here’s what you should know
- Senate to vote on first government funding package to avoid shutdown
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
What restaurants are open Easter 2024? McDonald's, Cracker Barrel, Red Lobster, more
Republican primary for open congressional seat tops 2024 Georgia elections
Witnesses in Nigeria say hundreds of children kidnapped in second mass-abduction in less than a week
Meta releases AI model to enhance Metaverse experience
Former MVP Joey Votto agrees to minor-league deal with Toronto Blue Jays
How Barry Keoghan Paid Tribute to Sabrina Carpenter at Pre-Oscars 2024 Parties
Read the Pentagon UFO report newly released by the Department of Defense