BEIJING: China and the European Union have a powerful “symbiotic” financial relationship and Beijing hopes the bloc can turn into “a dependable accomplice for cooperation”, President Xi Jinping informed the President of the European Council on Tuesday (14 January) Antonio Costa.
As lengthy as China and Europe respect one another, deal with one another as equals and interact in honest dialogue, they’ll “promote cooperation and obtain nice issues,” Xi stated in a cellphone name with Costa on state broadcaster CCTV.
Xi’s remarks come because the world’s second-largest financial system braces for impending US tariff will increase on Chinese items following Donald Trump’s swearing-in as the following US president on January 20.
China and Europe ought to strengthen strategic communication and strengthen mutual belief because the worldwide scenario turns into extra severe and complicated, Xi stated.
Economic and commerce cooperation between the 2 sides is complementary and mutually useful and will create new factors to increase cooperation, Xi stated.
Tensions stay excessive between China and the EU over the tariffs imposed by the latter on Chinese electrical autos, whereas China and the United States alternate barbs and “eye for an eye fixed” measures to restrict one another’s exports of technological and demanding supplies.
The Biden administration stated earlier this week it might additional restrict exports of synthetic intelligence chips and know-how, sustaining a freeze on exports to nations together with China.
China’s Ministry of Commerce and the Semiconductor Industry Association have criticized the brand new U.S. laws, and the affiliation on Tuesday known as on the worldwide tech business to withstand the Biden administration’s “tech hegemony.”
