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Europe wants two things from China: First, a shift in its relatively pro-Russia position on the war in Ukraine. Second, a reduction in the trade imbalance — Chinese goods exports to the EU exceeded its imports from the 27-nation bloc by 291 billion euros ($310 billion) last year.
Clickbaity titles… Thank you.
Second, a reduction in the trade imbalance — Chinese goods exports to the EU exceeded its imports from the 27-nation bloc by 291 billion euros ($310 billion) last year.
Lmao. How about you take that discussion with our capitalist oligarchs that send all of our industries to China because it’s cheaper, maximizes their profit margins and pushes their beloved stocks in the green? What is China supposed to do about that? Not take deals from Europeans?
Yeah, import/export imbalances being important was ridiculous when Trump campaigned on it and continues to be ridiculous now.
It’s a toddler’s understanding of international trade being adopted by demagogues who know better but care more about appearances than substance.
This is the best summary I could come up with:
But those considerations may not outweigh the larger strategic reasons China has for aligning itself with Russia as it seeks an alternative to the U.S.-led global order and for promoting its green energy companies as it tries to build the nation into a technology leader.
Both the EU and the U.S. are complaining that Chinese policies to promote green energy have incentivized companies to build too much manufacturing capacity for electric cars, solar panels and other related products.
In line with that thinking, Scholz called for a reliable legal system, the protection of intellectual property and equal market access for foreign firms in China.
If there is one issue most of Europe can agree on, it is the hope that China would lean on Russian President Vladimir Putin to end the invasion of Ukraine, now in its third year with no sign of letting up.
Dutch Prime Minister Mark Rutte said three weeks ago in Beijing that he had asked Chinese leaders “to put their considerable weight … on Russia to influence the course of events.” Five days later, French Foreign Minister Stéphane Séjourné said after meeting his Chinese counterpart that France expects China to pass on clear messages to Russia on Ukraine.
“So I asked President Xi to bear upon Russia so that Putin finally breaks off his insane campaign, withdraws his troops and ends this terrible war.”
The original article contains 844 words, the summary contains 229 words. Saved 73%. I’m a bot and I’m open source!