According to an announcement from the Chinese Foreign Ministry, Chinese President Xi Jinping will meet European Council President Charles Michel and European Commission President Ursula von der Leyen on Thursday. According to the plans, Prime Minister Li Xiang will co-chair the summit with the two EU leaders. THE Bloomberg citing sources conversant in the matter, reported that the summit is anticipated to last for 2 days.
This summit follows plenty of main discussions between the EU and China throughout the 12 months, which mentioned crucial points corresponding to commerce cooperation and geopolitical conflicts. EU commerce chief Valdis Dombrovskis visited China in September, and in October the bloc’s high diplomat, Josep Borrell, held diplomatic talks in Beijing.
The EU lately outlined its technique to cut back dependence on China in key sectors and most industrial provide chains, whereas underlining its dedication to sustaining ties with the world’s second-largest financial system. Trade tensions have escalated, particularly after the EU launched an investigation into Chinese subsidies for electrical automobiles in an try to stop the move of low cost imports into the union.
Chinese Foreign Ministry spokesman Wang Wenbin pressured on Monday that China and the EU are “companions, not rivals”.
The agenda for this week’s summit is complete and contains discussions on commerce. In addition, key matters corresponding to China’s stance on Russia’s struggle in Ukraine and choices for coping with the battle in the Middle East can be mentioned. Josep Borrell will accompany Charles Michel and Ursula von der Leyen on the journey, in accordance with an e-mail from the Chinese delegation of the European Union.
“Leaders are discussing methods to make sure extra balanced and reciprocal commerce relations. Areas of widespread curiosity corresponding to local weather change, meals safety, international well being crises and getting ready for one more pandemic can even be on the agenda,” the EU assertion added.
Cover picture supply: Getty Images