China is urging France and the EU to deepen cooperation, portraying itself as a stable partner

Source Cryptopolitan

China has asked France to help bridge its trade gaps with the European Union. Beijing is looking to strengthen relations with the bloc amid growing friction with the United States.

Speaking on the sidelines of a World Trade Organization ministerial meeting in Paris, Chinese Commerce Minister Wang Wentao told French Trade Minister Laurent Saint-Martin that “It is normal to have differences in bilateral economic and trade cooperation, but the key is to resolve them through equal dialog and consultation.”

As Bloomberg reported, he urged France to encourage the European Commission to engage with China and lay the groundwork for broader collaboration.

Wang is also meeting senior EU trade figures this week as tensions rise under the pressure of U.S. tariffs imposed by President Donald Trump.

Earlier, Wang held discussions with EU Trade Commissioner Maroš Šefčovič that were described as “frank and in-depth,” focusing on issues related to China-EU economic and trade cooperation.

Despite these efforts, China and the EU have hit a rough patch after Brussels decided to curb the procurement of certain Chinese medical devices. Beijing criticized these restrictions as protectionist and warned it would take steps to safeguard its interests.

EU navigates trade talks with U.S. amid China’s bid for closer Ties

On the other hand, EU and U.S. officials say talks in Paris to resolve their own tariff standoff produced progress but fell short of reaching a deal.

On Wednesday, Šefčovič met his American counterpart, U.S. Trade Representative Jamieson Greer, at a gathering of the Organization for Economic Cooperation and Development. Greer said, “I am pleased that negotiations are advancing quickly,” adding that the EU had shown willingness “to work with us to find a concrete way forward to achieve reciprocal trade. I look forward to continued constructive engagement in the coming days and weeks.”

Back in April, President Xi Jinping actively pursued European support by positioning China as a more reliable partner than the United States, which had been targeting the EU with tariffs, defense threats, and little patience for negotiations.

Facing a trade war with Washington that has left it isolated, China is now leaning heavily on both diplomatic overtures and economic incentives to regain favor in Brussels.

As a first step, Beijing is expected to lift symbolic sanctions imposed on several members of the European Parliament.

An EU official noted these bans had little real impact, but removing them would send a message of de-escalation. In a statement, the Chinese Foreign Ministry said, “As the world’s major economies, China and Europe will jointly safeguard the multilateral trading system.” It also extended invitations to more European parliamentarians to visit China, although the statement did not clarify the fate of the existing sanctions.

Meanwhile, President Trump thinks it is “extremely hard” to reach any kind of agreement with President Xi Jinping, even as his administration continued to hint that a phone call between the two leaders could happen within days.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin ETF Investors Face 8% Losses as $3 Billion Exits Market in Two WeeksUS spot Bitcoin ETF buyers are essentially the very investors expected to provide a stable, long-term bid for the pioneer crypto. However, data shows that these players are now sitting on mounting unr
Author  Beincrypto
Feb 03, Tue
US spot Bitcoin ETF buyers are essentially the very investors expected to provide a stable, long-term bid for the pioneer crypto. However, data shows that these players are now sitting on mounting unr
placeholder
Gold Prices Surge Amid Rising U.S.-Iran Tensions, Driving Safe-Haven Demand to New HeightsGold prices rebounded Wednesday, climbing 0.9% to $4,995.60 an ounce as geopolitical tensions between the U.S. and Iran heightened demand for safe-haven assets, despite recent market volatility.
Author  Mitrade
Feb 04, Wed
Gold prices rebounded Wednesday, climbing 0.9% to $4,995.60 an ounce as geopolitical tensions between the U.S. and Iran heightened demand for safe-haven assets, despite recent market volatility.
placeholder
MicroStrategy Faces Catastrophic Risk as Bitcoin Falls to $60,000MicroStrategy is under renewed market pressure after Bitcoin slid to $60,000, pushing the company’s vast crypto treasury deeper below its average acquisition cost and reigniting concerns about balance
Author  Beincrypto
Feb 06, Fri
MicroStrategy is under renewed market pressure after Bitcoin slid to $60,000, pushing the company’s vast crypto treasury deeper below its average acquisition cost and reigniting concerns about balance
placeholder
Bitcoin Slips Below $70,000 Support, Risk of 37% Drop EmergesBitcoin has entered a critical phase after its recent correction dragged the price toward the $70,000 level. Viewed through a macro lens, this move has exposed BTC to elevated downside risk. Several o
Author  Beincrypto
Feb 06, Fri
Bitcoin has entered a critical phase after its recent correction dragged the price toward the $70,000 level. Viewed through a macro lens, this move has exposed BTC to elevated downside risk. Several o
placeholder
Fed to enter gradual money-printing phase, says Lyn AldenLyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
Author  Cryptopolitan
8 hours ago
Lyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
goTop
quote