Current:Home > ContactDivides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing -MoneyBase
Divides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing
View
Date:2025-04-15 05:12:15
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! (9)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Owners of certain Chevrolet, GMC trucks can claim money in $35 million settlement
- Down 80%: Fidelity says X has plummeted in value since Elon Musk's takeover
- Black bear found dead on Tennessee highway next to pancakes
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Owners of certain Chevrolet, GMC trucks can claim money in $35 million settlement
- Augusta chairman confident Masters will go on as club focuses on community recovery from Helene
- Amazon Prime Big Deal Days 2024: What to know about the sales event and preview of deals
- 'We're reborn!' Gazans express joy at returning home to north
- Indiana man sentenced for neglect after rat attack on his infant son
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Joaquin Phoenix says 'Joker 2' movie musical drew inspiration from KISS
- How a long-haul trucker from Texas became a hero amid floods in Tennessee
- Down 80%: Fidelity says X has plummeted in value since Elon Musk's takeover
- Nevada attorney general revives 2020 fake electors case
- CGI babies? What we know about new 'Rugrats' movie adaptation
- 2025 NFL mock draft: Travis Hunter rises all the way to top of first round
- Owners of certain Chevrolet, GMC trucks can claim money in $35 million settlement
Recommendation
The White House is cracking down on overdraft fees
Prosecutors drop case against third man in Chicago police officer’s death
Tropical Storm Leslie forms in the Atlantic and is expected to become a hurricane
Deadly Maui fire sparked from blaze believed to have been extinguished, report says
Most popular books of the week: See what topped USA TODAY's bestselling books list
How Black leaders in New York are grappling with Eric Adams and representation
Covid PTSD? Amid port strike some consumers are panic-buying goods like toilet paper
Target's 2024 top toy list with LEGO, Barbie exclusives; many toys under $20