Current:Home > ContactDivides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing -FutureWise Finance
Divides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing
View
Date:2025-04-14 00:31:05
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! (4179)
Related
- The Best Stocking Stuffers Under $25
- 'The Roommate' review: Mia Farrow is sensational in a decent Broadway comedy
- SpaceX astronaut Anna Menon reads 'Kisses in Space' to her kids in orbit: Watch
- Loose electrical cable found on ship that caused Baltimore bridge collapse
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- 'Focus on football'? Deshaun Watson, Browns condescend once again after lawsuit
- Studies on pigeon-guided missiles, swimming abilities of dead fish among Ig Nobles winners
- September 2024 full moon is a supermoon and harvest moon: When to see it
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Dolphins will bring in another quarterback, while Tagovailoa deals with concussion
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Katy Perry Reveals Her and Orlando Bloom's Daughter Daisy Looks Just Like This Fictional Character
- WNBA and Aces file motions to dismiss Dearica Hamby’s lawsuit
- How a climate solution means a school nurse sees fewer students sick from the heat
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Award-winning author becomes a Barbie: How Isabel Allende landed 'in very good company'
- Police killing of an unarmed Nebraska man prompts officers to reconsider no-knock warrants
- De'Von Achane injury updates: Latest on Dolphins RB's status for Thursday's game vs. Bills
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
An 8-year-old boy who ran away from school is found dead in a neighborhood pond
Norfolk Southern Alan Shaw axed as CEO after inappropriate employee relationship revealed
Cam Taylor-Britt dismisses talent of Chiefs' Xavier Worthy: 'Speed. That's about it'
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
It took 50,000 gallons of water to put out Tesla Semi fire in California, US agency says
Joe Schmidt, Detroit Lions star linebacker on 1957 champions and ex-coach, dead at 92
Demi Lovato Has the Sweetest Reaction to Sister Madison De La Garza’s Pregnancy