Current:Home > FinanceDivides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing -SecureNest Finance
Divides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing
View
Date:2025-04-18 03:32:04
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! (79)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- What Americans think about Hegseth, Gabbard and key Trump Cabinet picks AP
- Trump will be honored as Time’s Person of the Year and ring the New York Stock Exchange bell
- When does 'No Good Deed' come out? How to watch Ray Romano, Lisa Kudrow's new dark comedy
- Global Warming Set the Stage for Los Angeles Fires
- Are you tipping your mail carrier? How much do Americans tip during the holidays?
- When is the 'Survivor' Season 47 finale? Here's who's left; how to watch and stream part one
- Taxpayers could get $500 'inflation refund' checks under New York proposal: What to know
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Drew Barrymore Addresses Criticism Over Her Touchiness With Talk Show Guests
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Google forges ahead with its next generation of AI technology while fending off a breakup threat
- Travis Kelce Praises Taylor Swift For Making Eras Tour "Best In The World"
- Billboard Music Awards 2024: Complete winners list, including Taylor Swift's historic night
- Sonya Massey's father decries possible release of former deputy charged with her death
- China says Philippines has 'provoked trouble' in South China Sea with US backing
- Hate crime charges dropped against 12 college students arrested in Maryland assault
- Drew Barrymore has been warned to 'back off' her guests after 'touchy' interviews
Recommendation
Meta donates $1 million to Trump’s inauguration fund
How to watch 'A Charlie Brown Christmas' for free: Special date, streaming info
Wisconsin kayaker who faked his death and fled to Eastern Europe is in custody, online records show
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Biden commutes roughly 1,500 sentences and pardons 39 people in biggest single
She grew up in an Arizona church community. Now, she claims it was actually a religious cult.
Woody Allen and Soon