Post by account_disabled on Feb 22, 2024 0:10:58 GMT -5
European Union trade chief Valdis Dombrovskis warned of “new areas of concern” in the bloc's relationship with China, as part of an inaugural visit aimed at confronting “unbalanced” deals between the two regions. In an interview with the Financial Times in Shanghai, the EU vice president cited the “implications of the anti-espionage law” in China and “data flows” as concerns, as well as market access for foreign companies on the mainland. “We want to maintain.
Worded anti-espionage law. The European Chamber of Commerce in China this week cited a “more politicized business Pakistan Phone Number environment” and “ambiguity in new or updated laws,” which it said had affected trust. Foreign companies are also under pressure to “de-risk” their exposures to the mainland amid deteriorating US-China relations and increased scrutiny of supply chains in Washington. In a separate speech at the Bund summit in Shanghai on Saturday morning, Dombrovskis said the EU “does not want to decouple” from China, but reiterated its risk-reduction approach. He also emphasized a perceived imbalance in trade, saying the bloc "needs to protect itself in situations.
Jorge Toledo, EU ambassador to China, stated this week in Beijing that the deficit was “the highest in the history of humanity,” while the European Chamber of Commerce unveiled more than 1,000 recommendations for the Chinese government to resolve the challenges. that their companies face. Rising geopolitical tensions and scrutiny of trade ties have come at a difficult time for the Chinese economy, which has struggled to fully recover after three years of zero restrictions ended at the start of the year. "China's economic model continues to focus heavily on investment and export-oriented investment, while domestic demand is lagging behind," Dombrovskis told the Financial Times, saying it was one of the "factors" behind of the trade deficit.
Worded anti-espionage law. The European Chamber of Commerce in China this week cited a “more politicized business Pakistan Phone Number environment” and “ambiguity in new or updated laws,” which it said had affected trust. Foreign companies are also under pressure to “de-risk” their exposures to the mainland amid deteriorating US-China relations and increased scrutiny of supply chains in Washington. In a separate speech at the Bund summit in Shanghai on Saturday morning, Dombrovskis said the EU “does not want to decouple” from China, but reiterated its risk-reduction approach. He also emphasized a perceived imbalance in trade, saying the bloc "needs to protect itself in situations.
Jorge Toledo, EU ambassador to China, stated this week in Beijing that the deficit was “the highest in the history of humanity,” while the European Chamber of Commerce unveiled more than 1,000 recommendations for the Chinese government to resolve the challenges. that their companies face. Rising geopolitical tensions and scrutiny of trade ties have come at a difficult time for the Chinese economy, which has struggled to fully recover after three years of zero restrictions ended at the start of the year. "China's economic model continues to focus heavily on investment and export-oriented investment, while domestic demand is lagging behind," Dombrovskis told the Financial Times, saying it was one of the "factors" behind of the trade deficit.