• Latest
  • Trending
  • All
  • Market Updates
  • Cryptocurrency
  • Blockchain
  • Investing
  • Commodities
  • Personal Finance
  • Technology
  • Business
  • Real Estate
  • Finance
Xi Jinping snubs EU-China anniversary summit

Xi Jinping snubs EU-China anniversary summit

March 16, 2025
Fund firms court ‘bored’ investors with flurry of exotic ETF launches

Fund firms court ‘bored’ investors with flurry of exotic ETF launches

June 6, 2025
Anthropic releases new “hybrid reasoning” AI model

Anthropic launches Claude Gov for military and intelligence use

June 6, 2025
How widespread — and worrisome — is the BNPL phenomenon?

How widespread — and worrisome — is the BNPL phenomenon?

June 6, 2025
The case for a Fed rate cut

The case for a Fed rate cut

June 6, 2025
CRWD, TSLA, DLTR, THO and more

CRWD, TSLA, DLTR, THO and more

June 6, 2025
TotalEnergies promotion of natural gas under fire in greenwashing trial

TotalEnergies promotion of natural gas under fire in greenwashing trial

June 6, 2025
NFP set to show US labor market cooled in May

NFP set to show US labor market cooled in May

June 6, 2025
Man Group orders quants back to office five days a week

Man Group orders quants back to office five days a week

June 6, 2025
PBOC surprises markets with mid-month liquidity injection

PBOC surprises markets with mid-month liquidity injection

June 6, 2025
Russia’s War On Illegal Mining Heats Up With Bitcoin Seizures

Russia’s War On Illegal Mining Heats Up With Bitcoin Seizures

June 6, 2025
Average 401(k) balances fall due to market volatility, Fidelity says

Average 401(k) balances fall due to market volatility, Fidelity says

June 6, 2025
Donald Trump and Elon Musk’s feud erupts over tax bill

Donald Trump and Elon Musk’s feud erupts over tax bill

June 6, 2025
Friday, June 6, 2025
No Result
View All Result
InvestorNewsToday.com
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech
InvestorNewsToday.com
No Result
View All Result
Home Market Updates

Xi Jinping snubs EU-China anniversary summit

by Investor News Today
March 16, 2025
in Market Updates
0
Xi Jinping snubs EU-China anniversary summit
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Unlock the Editor’s Digest without cost

Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication.

China’s President Xi Jinping has declined an preliminary invitation to go to Brussels for a summit to mark the fiftieth anniversary of ties, because the EU questions the sincerity of latest Chinese language overtures.

Beijing instructed EU officers that China’s second-ranked chief Premier Li Qiang would meet the presidents of the European Council and Fee in Brussels for the summit quite than Xi, two individuals acquainted with the matter mentioned. 

The internet hosting of EU-China summits historically alternates between Brussels and Beijing. The premier normally attends the summit in Brussels, and Xi hosts it in Beijing, however the EU believes the significance of this assembly — to commemorate half a century of diplomatic relations — signifies that China’s president ought to attend, the individuals mentioned. 

Either side mentioned talks continued, however the preliminary snub has confirmed the view amongst many in Brussels that China is not going to add concrete motion to its heat phrases about the necessity to co-operate within the face of US President Donald Trump’s assault on the multilateral world order.

This yr’s summit comes at a very delicate time for EU-China relations. 

Tensions between Brussels and Beijing have grown since Russia’s full-scale invasion of Ukraine in 2022, with the EU accusing China of backing the Kremlin. The bloc has additionally imposed tariffs on Chinese language electrical automobile imports, claiming they’re subsidised. 

EU officers say China, which final yr had a €304.5bn commerce deficit with the bloc, is just not doing sufficient to rebalance commerce by decreasing subsidies for its industries and decreasing commerce boundaries for overseas corporations doing enterprise on the earth’s second-largest financial system.

“The connection is on ice,” mentioned a senior EU diplomat. “It’s a change of tone not substance. Their coverage is just not going to vary and the identical is true for us.”

Lu Shaye, China’s former outspoken ambassador to France who’s now Beijing’s particular consultant for European affairs, mentioned China’s coverage in the direction of Europe had at all times “advocated peace, friendship, co-operation,and mutual profit”. 

“This has by no means modified. It’s simply that the distinction with the present US coverage in the direction of Europe makes China’s coverage in the direction of Europe seem much more visionary, honest and affordable. I hope this might function a wake-up name [for Europe],” he mentioned. 

Referred to as a “wolf warrior” diplomat for his aggressive diplomacy, Lu brought on an uproar in Europe final yr when he questioned whether or not Crimea was a part of Ukraine and the sovereignty of former Soviet republics akin to EU members Latvia, Estonia and Lithuania.

His appointment to handle China’s diplomatic relationship with Europe was seen by some commentators as a hardening of Beijing’s stance, however on the similar time, one other EU diplomat mentioned, “there’s a Chinese language allure offensive underneath manner”.

“China even mentioned that they count on Europe to have a seat on the negotiating desk [in Ukraine peace talks],” the diplomat added. “I additionally hear much less speak about EU-China commerce frictions. They nonetheless exist, however there may be much less deal with it.”

The EU’s commerce chief Maroš Šefčovič is about to go to China on the finish of this month. Spanish overseas minister José Manuel Albares told the Financial Times last month that the EU also needs to see potential alternatives. When China “is usually a associate — let’s benefit from that”, Albares mentioned.

Ursula von der Leyen, European Fee president, mentioned in February that whereas the EU would preserve “de-risking” by defending its trade, “we will discover agreements that would even increase our commerce and funding ties”. 

Really helpful

James Ferguson illustration of a hole in the burning US constitution in the shape of Trump in profile, revealing the map of Europe.

Trump’s 25 per cent tariffs on metal and aluminium have compelled the EU to reply, whilst trade teams warn of the injury it would trigger. However a senior EU official mentioned a essential focus when it got here to China was defensive measures to maintain out “a wave” of Chinese language merchandise displaced from the US market by the tariffs.

On Friday the EU opened an anti-dumping investigation towards Chinese language exports of adipic acid, used to provide nylon and plenty of different merchandise. It’s the eleventh case since October, together with these concerning sweetcorn, metallic screws and candles.

“Casual discussions are ongoing each about setting the date for the EU China summit this yr and the extent of illustration,” mentioned an EU official.

China’s ministry of overseas affairs mentioned it didn’t have “any info to supply” concerning the matter.



Source link

Tags: anniversaryEUChinaJinpingsnubssummit
Share196Tweet123
Previous Post

An AI Coding Assistant Refused to Write Code—and Suggested the User Learn to Do It Himself

Next Post

Toncoin open interest soars 67% as Pavel Durov departs France

Investor News Today

Investor News Today

Next Post
Toncoin open interest soars 67% as Pavel Durov departs France

Toncoin open interest soars 67% as Pavel Durov departs France

  • Trending
  • Comments
  • Latest
Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

February 5, 2025
Best High-Yield Savings Accounts & Rates for January 2025

Best High-Yield Savings Accounts & Rates for January 2025

January 3, 2025
Suleiman Levels limited V 3.00 Update and Offer – Analytics & Forecasts – 5 January 2025

Suleiman Levels limited V 3.00 Update and Offer – Analytics & Forecasts – 5 January 2025

January 5, 2025
10 Best Ways To Get Free $10 in PayPal Money Instantly

10 Best Ways To Get Free $10 in PayPal Money Instantly

December 8, 2024
Why America’s economy is soaring ahead of its rivals

Why America’s economy is soaring ahead of its rivals

0
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

0
Nato chief Mark Rutte’s warning to Trump

Nato chief Mark Rutte’s warning to Trump

0
Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

0
Fund firms court ‘bored’ investors with flurry of exotic ETF launches

Fund firms court ‘bored’ investors with flurry of exotic ETF launches

June 6, 2025
Anthropic releases new “hybrid reasoning” AI model

Anthropic launches Claude Gov for military and intelligence use

June 6, 2025
How widespread — and worrisome — is the BNPL phenomenon?

How widespread — and worrisome — is the BNPL phenomenon?

June 6, 2025
The case for a Fed rate cut

The case for a Fed rate cut

June 6, 2025

Live Prices

© 2024 Investor News Today

No Result
View All Result
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech

© 2024 Investor News Today