EU seeks more 'balanced' economic relationship with China
BRUSSELS (AP) — European Union leaders worried about China’s growing power are devising plans to counter the ambitions of a country they describe as a “systemic rival.”
The European Council will discuss on Friday a 10-point strategy set out by the European Commission before an EU-China summit next month.
The EU wants to “fully address the distortive effects of foreign state ownership” and “achieve a more balanced and reciprocal economic relationship.”
China is the EU’s second-biggest trading partner behind the U.S. while China is the EU’s second largest partner. The trade in goods between the two is worth around 1.1 billion a day, but the balance is largely in China’s favor.
Chinese President Xi Jinping is currently in Italy and will travel to France next week as part of a European tour.
The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.
Truth and Accuracy
We are committed to truth and accuracy in all of our journalism. Read our editorial standards.