BusinessPostCorner.com
No Result
View All Result
Sunday, July 19, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Xi Jinping snubs EU-China anniversary summit

March 16, 2025
in Finance
Reading Time: 4 mins read
A A
0
Xi Jinping snubs EU-China anniversary summit
ShareShareShareShareShare

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

China’s President Xi Jinping has declined an initial invitation to visit Brussels for a summit to mark the 50th anniversary of ties, as the EU questions the sincerity of recent Chinese overtures.

Beijing told EU officials that China’s second-ranked leader Premier Li Qiang would meet the presidents of the European Council and Commission in Brussels for the summit rather than Xi, two people familiar with the matter said. 

The hosting of EU-China summits traditionally alternates between Brussels and Beijing. The premier usually attends the summit in Brussels, and Xi hosts it in Beijing, but the EU believes the importance of this meeting — to commemorate half a century of diplomatic relations — means that China’s president should attend, the people said. 

Both sides said talks continued, but the initial snub has confirmed the view among many in Brussels that China will not add concrete action to its warm words about the need to co-operate in the face of US President Donald Trump’s assault on the multilateral world order.

This year’s summit comes at a particularly sensitive 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 also imposed tariffs on Chinese electric vehicle imports, claiming they are subsidised. 

EU officials say China, which last year had a €304.5bn trade deficit with the bloc, is not doing enough to rebalance trade by reducing subsidies for its industries and lowering trade barriers for foreign companies doing business in the world’s second-largest economy.

“The relationship is on ice,” said a senior EU diplomat. “It is a change of tone not substance. Their policy is not going to change and the same is true for us.”

Lu Shaye, China’s former outspoken ambassador to France who is now Beijing’s special representative for European affairs, said China’s policy towards Europe had always “advocated peace, friendship, co-operation,and mutual benefit”. 

“This has never changed. It is just that the contrast with the current US policy towards Europe makes China’s policy towards Europe appear even more visionary, fair and reasonable. I hope this could serve as a wake-up call [for Europe],” he said. 

Known as a “wolf warrior” diplomat for his aggressive diplomacy, Lu caused an uproar in Europe last year when he questioned whether Crimea was part of Ukraine and the sovereignty of former Soviet republics such as EU members Latvia, Estonia and Lithuania.

His appointment to manage China’s diplomatic relationship with Europe was seen by some commentators as a hardening of Beijing’s stance, but at the same time, another EU diplomat said, “there is a Chinese charm offensive under way”.

“China even said that they expect Europe to have a seat at the negotiating table [in Ukraine peace talks],” the diplomat added. “I also hear less talk about EU-China trade frictions. They still exist, but there is less focus on it.”

The EU’s trade chief Maroš Šefčovič is set to visit China at the end of this month. Spanish foreign minister José Manuel Albares told the Financial Times last month that the EU should also see potential opportunities. When China “can be a partner — let’s take advantage of that”, Albares said.

Ursula von der Leyen, European Commission president, said in February that while the EU would keep “de-risking” by protecting its industry, “we can find agreements that could even expand our trade and investment ties”. 

Recommended

Trump’s 25 per cent tariffs on steel and aluminium have forced the EU to respond, even as industry groups warn of the damage it will cause. But a senior EU official said a critical focus when it came to China was defensive measures to keep out “a wave” of Chinese products displaced from the US market by the tariffs.

On Friday the EU opened an anti-dumping investigation against Chinese exports of adipic acid, used to produce nylon and many other products. It is the 11th case since October, including those regarding sweetcorn, metal screws and candles.

“Informal discussions are ongoing both about setting the date for the EU China summit this year and the level of representation,” said an EU official.

China’s ministry of foreign affairs said it did not have “any information to provide” regarding the matter.

Credit: Source link

ShareTweetSendPinShare
Previous Post

‘I feel sick at the prospect of cuts to health benefits’

Next Post

Saudi Arabia cracks down on ‘immoral acts’

Next Post
Can Leapmotor save Stellantis in the shift to electric vehicles?

Can Leapmotor save Stellantis in the shift to electric vehicles?

Trump adviser says leftwing extremism is ‘fatal cancer to civilisation’

Trump adviser says leftwing extremism is ‘fatal cancer to civilisation’

July 16, 2026
Mitch McConnell’s absence complicates Trump’s defense spending push amid Iran war

Mitch McConnell’s absence complicates Trump’s defense spending push amid Iran war

July 13, 2026
Euro Car Parks being investigated over petrol forecourt parking tickets

Euro Car Parks being investigated over petrol forecourt parking tickets

July 16, 2026
Why HR needs a bigger role in M&A success

Why HR needs a bigger role in M&A success

July 17, 2026
Tech News: Blue J offers accounting professors free access

Tech News: Blue J offers accounting professors free access

July 17, 2026
Stranded pollock prompt EU to delay fish import controls for US

Stranded pollock prompt EU to delay fish import controls for US

July 12, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Walmart removes four Taylor Farms salads as recalls spread

Walmart removes four Taylor Farms salads as recalls spread

July 18, 2026
Two U.S. troops are dead and another is missing after Iran attacks a base in Jordan

Two U.S. troops are dead and another is missing after Iran attacks a base in Jordan

July 18, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!