Key facts
- EU lawmakers are in China for talks to manage rising trade and political tensions.
- Chinese Foreign Minister Wang Yi met with the delegation, stressing partnership.
- Wang Yi called for an 'upward dynamic balance' in EU-China trade relations.
- China and the EU are expected to hold trade talks later this year.
A delegation of European Union lawmakers has arrived in China for high-stakes discussions aimed at managing mounting tensions between the two blocs. The visit underscores the complex geopolitical and economic relationship between the EU and China, with both sides seeking to navigate a path forward amidst growing friction.
During the visit, Chinese Foreign Minister Wang Yi told the European lawmakers that China and the EU should promote an "upward dynamic balance" in their bilateral trade ties from a long-term perspective. He emphasized that China and Europe are partners rather than rivals, with deeply intertwined interests, and urged the lawmakers to foster a rational and objective perception of China within the EU.
Wang Yi also stated China's willingness to enhance coordination and cooperation with Europe in global affairs. The EU has been considering tougher measures to address its growing trade deficit with China, with member states largely agreeing that a problem exists. Formal trade and investment consultations between China and the EU are scheduled for later this year, with the EU's trade chief seeking results by October.