Sunday

19th Nov 2017

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.

Thank you for reading EUobserver!

Subscribe now for a 30 day free trial.

  1. €150 per year
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

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.

China urges Germany and France to solve euro-crisis

Chinese Prime Minister Wen Jiabao on Thursday offered vague promises to buy bonds from troubled euro-countries, but said that it is ultimately up to Germany and France to solve the crisis.

MEPs and China mark change in relationship

Members of the five big political groups in the European Parliament have met with members of the one big political group in the National People's Congress of China, in what has been described as a “changing” and "very friendly" climate.

News in Brief

  1. Bonn climate talks extend into Friday evening
  2. UK needs to move on Brexit by early December, Tusk says
  3. Puigdemont extradition decision postponed to December
  4. Ireland wants written UK guarantees to avoid hard border
  5. US did not obstruct climate talks, says German minister
  6. EU signs social declaration
  7. Puigdemont to be heard by Belgian judges
  8. Steep fall in migrants reaching EU

Stakeholders' Highlights

  1. European Jewish CongressAntisemitism in Europe Today: Is It Still a Threat to Free and Open Society?
  2. Counter BalanceNew Report: Juncker Plan Backs Billions in Fossil Fuels and Carbon-Heavy Infrastructure
  3. Nordic Council of MinistersNordic countries prioritise fossil fuel subsidy reform
  4. Mission of China to the EUNew era for China brings new opportunities to all
  5. ACCASmall and Medium Sized Practices Must 'Offer the Whole Package'
  6. UNICEFAhead of the African Union - EU Summit, Survey Highlights Impact of Conflict on Education
  7. Nordic Council of MinistersNordic Council Calls for Closer Co-Operation on Foreign Policy
  8. Swedish EnterprisesTrilogue Negotiations - Striking the Balance Between Transparency and Efficiency
  9. Access EuropeProspects for US-EU Relations Under the Trump Administration - 28 November 2017
  10. World Vision20 November: Exchange of Views at the EP on Children Affected by the Syria Crisis
  11. Nordic Council of MinistersSustainable Growth the Nordic Way: Climate Solutions for a Sustainable Future
  12. EU2017EEHow Data Fuels Estonia's Economy

Latest News

  1. EU keeps former Soviet states at arm's length
  2. EU leaders make pledge on social issues after populist backlash
  3. EU agencies and eastern neighbours This WEEK
  4. Germany slams Dutch call for more ambitious EU climate goal
  5. Mind the gap: inequality in our cities
  6. Climate activists 'disappointed' with EU at climate talks
  7. Davis outlines UK vision on Brexit in Berlin
  8. German coalition talks in near collapse