US EditionEU to Seek Trade 'Rebalancing' with China at Beijing Summit
CHINA, JUL 8 – China controls 60% of rare earth production and 92% of refining, prompting EU leaders to push for faster supply chain diversification amid growing trade imbalances.
- The EU and China planned a summit in the second half of July to address longstanding trade and economic tensions.
- This summit followed rising tensions caused by deep frictions over market distortions, export controls, and China's large trade surplus with the EU.
- The head of the European Commission highlighted the importance of achieving a true economic balance, reducing market distortions, addressing China's excess production capacity, and ensuring that European companies have equitable access to Chinese markets.
- Von der Leyen highlighted the EU's $357 billion trade imbalance with China in 2024 and emphasized that advancing their relationship requires addressing significant economic imbalances, curbing excessive Chinese production capacity, and ensuring equitable, mutual market opportunities for European businesses in China.
- The summit’s outcome will signal whether both sides can advance diplomacy, reduce risks, and restore balance amid economic and geopolitical pressures including China’s support for Russia.
19 Articles
19 Articles
Malay Mail
AlKhaleej TodayChina says EU must fix its mindset, not China trade policy, ahead of key summit
BEIJING, July 9 — Beijing said today that the European Union needed to rebalance its “mentality”, not its economic ties with China, ahead of a summit between the two this month. “It is hoped that the European side realises that what needs to be rebalanced right now is Europe’s mentality, not China-EU economic and trade relations,” foreign ministry spokeswoman Mao Ning said. European Commission president Ursula von der Leyen said yesterday that t…
The EU must rebalance its "mentality," not its economic relations with China, in view of the summit of 24 July in Beijing. (ANSA)
EU chief demands China address trade imbalance as tensions flare
European Commission President Ursula von der Leyen accused China of distorting trade and limiting access for European firms two weeks ahead of a summit between the economic powers. “If our partnership is to move forward, we need a genuine rebalancing: fewer market distortions, less overcapacity exported from China, and fair, reciprocal access for European businesses in China,” von der Leyen told the European Parliament in Strasbourg on Tuesday. …
Channel News Asia
terradaily.comEU to seek trade 'rebalancing' with China at Beijing summit
STRASBOURG, France: The EU will seek to rebalance economic ties with China, demanding it eases market access for European firms and loosen export controls on rare earths at a summit this month, the bloc's chief said on Tuesday (Jul 8). European Commission president Ursula von der Leyen said overcapaci
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