Saturday

1st Oct 2016

Focus

China wants to deepen economic partnership with EU

  • Shanghai street: A St Patrick's Day parade was cancelled for fear of unrest (Photo: stuck_in_customs)

Chinese foreign minister Yang Jiechi said Monday (7 March) both his country and the EU should deepen their economic and trade partnership.

"Both sides should work together to pursue the political partnership based on mutual respect and mutual trust and deepen their win-win economic and trade partnership," he said at a press conference on the margins of the annual session of the country's legislature.

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

China has been "following closely" the European debt crisis and bought treasury bonds from debt-stricken euro-states such as Spain, Mr Jiechi noted, while adding that such purchases should not be met with suspicion.

"We believe the steps taken by China have been well received by the countries and people in Europe, particularly by those governments and people," he said.

China opposes politicising trade issues and rejects double standards and discrimination, he stressed.

The Asian country also wants to adjust its huge trade imbalance with Europe, as it currently exports goods worth €130 billion more than the imports from EU countries.

A flurry of trade envoys, interested especially in buying "energy saving and environmentally friendly products" will be going to the UK, Germany and France in the next couple of months, Wan Jifei, chairman of the China Council for the Promotion of International Trade, told China Daily.

"Maintaining balanced trade is now an urgent task for China. We will not only organise more trade delegations this year, but also increase efforts to hold more import-themed forums and exhibitions," said Wan.

China's economy grew by 10.3 per cent last year but rising food and housing prices are giving way to dissent among the country's less privileged.

Wary of Arab-inspired protests, the city of Shanghai has banned a St Patrick's Day parade, the Irish Times reports, while security measures all over the country are being stepped up. During the parliament's session, plans were unveiled to increase spending on law and order by nearly 14 percent.

Foreign journalists are also being subject to detention and extra identity checks, while being barred from sites of potential protests in Beijing and Shanghai, the Independent reports.

The country's foreign minister, however, dismissed claims of plain-clothed security officials beating up foreign journalists.

"There are no such issues," he said during the press conference. "China is a country under the rule of law, and we abide by the law. We have always followed relevant laws and regulations in managing the affairs related to foreign journalists in China," he added.

Analysis

Renzi's EU attacks are survival strategy

Faced with a difficult referendum campaign, the Italian prime minister is playing the antiestablishment card, including verbal attacks on the EU and Germany.

Stakeholders' Highlights

  1. EFAEFA Supports a YES Vote in the Hungarian Referendum
  2. ACCAFinTech Boom Needs Strong Guidance to Navigate Regulatory Hurdles
  3. Counter BalanceWhy the Investment Plan for Europe Does not Drive the Sustainable Energy Transition
  4. Nordic Council of MinistersThe Nordic Region Seeks to Make Its Voice Heard in the World
  5. Taipei EU OfficeCountries Voice Support for Taiwan's Participation in ICAO
  6. World VisionNew Tool Measuring Government Efforts to Protect Children Released
  7. GoogleDid You Know Europe's Largest Dinosaur Gallery Is in Brussels? Check It Out Now
  8. IPHRHuman Rights in Uzbekistan After Karimov - Joint Statement
  9. CISPECloud Infrastructure Providers Unveil Data Protection Code of Conduct
  10. EFAMessages of Hope From the Basque Country and Galicia
  11. Access NowDigital Rights Heroes and Villains. See Who Protects Your Rights, Who Wants to Take Them Away
  12. EJCAppalled by Recommendation to Remove Hamas From EU Terrorism Watch List