Current:Home > ScamsDivides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing -Wealth Navigators Hub
Divides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing
View
Date:2025-04-13 23:46:55
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! (19293)
Related
- Trump invites nearly all federal workers to quit now, get paid through September
- Former NFL coach Jon Gruden lands advisory role with football team in Italy
- Olivia Munn reveals breast cancer diagnosis, underwent double mastectomy
- Brittany Cartwright Gets Candid About Scary Doubts She Had Before Jax Taylor Separation
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- How to Deep Clean Every Part of Your Bed: Mattress, Sheets, Pillows & More
- Chrissy Teigen Shows Off Her Boob Lift Scars in Sexy See-Through Dress
- Oklahoma teen Nex Benedict’s cause of death revealed in autopsy report
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Group of Five head coaches leaving for assistant jobs is sign of college football landscape shift
Ranking
- Meta releases AI model to enhance Metaverse experience
- Eugene Levy talks 'The Reluctant Traveler' Season 2, discovering family history
- Brewers' Devin Williams expected to miss at least 3 months due to stress fractures in back
- Man spent years trying to create giant hybrid sheep to be sold and hunted as trophies, federal prosecutors say
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- 500 pounds of pure snake: Massive python nest snagged in Southwest Florida
- Don Lemon's show canceled by Elon Musk on X, a year after CNN firing
- New York trooper found not guilty in fatal shooting of motorist following high-speed chase
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Author Mitch Albom, 9 other Americans rescued from Haiti: 'We were lucky to get out'
Lawyer says Epstein plea deal protects Ghislaine Maxwell, asks judge to ditch conviction
House passes TikTok bill. Are TikTok's days numbered? What you need to know.
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Why do women go through menopause? Scientists find fascinating clues in a study of whales.
How Khloe Kardashian Is Celebrating Ex Tristan Thompson's Birthday
Wisconsin appeals court upholds conviction of 20-year-old in death of younger cousin