The European Union’s trade commissioner has called for a more balanced relationship with China, noting a trade imbalance of nearly 400 billion euros ($425 billion).
Jens Eskelund, center, president of the European Chamber, speaks to journalists after publishing its European Business in China Position Paper 2023/2024, in Beijing on Sept. 20, 2023. The European Union's trade commissioner Valdis Dombrovskis called for a more balanced economic relationship with China on Monday, Sept. 25, noting a trade imbalance of nearly 400 billion euros , while also warning that China's position on the war in Ukraine could endanger its relationship with Europe.
Dombrovskis is in China to co-chair high-level economic and trade talks on Monday with Chinese Vice Premier He Lifeng. EU leaders have expressed concern about the bloc's growing trade deficit with China, which reached 396 billion euros last year. European Commission President Ursula von der Leyen recently announced
He said that China has created a more politicized business environment to protect its national security and development interests, resulting in less transparency, unequal access to procurement, and discriminatory standards and security requirements. Chinese officials have been trying to lure back foreign investment to help the economy emerge from a sluggishness that has persisted despite the lifting of pandemic restrictions last December.
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