The European Union's trade commissioner called for a more balanced economic relationship with China on Monday, noting a trade imbalance of nearly 400 billion euros ($425 billion), while also warning that China's position on the war in Ukraine could endanger its relationship with Europe.
Valdis Dombrovskis, in a speech at China's prestigious Tsinghua University, said that the EU and China face significant political and economic headwinds that could cause them to drift apart.
The Chinese government has called the investigation a protectionist act aimed at distorting the supply chain. Dombrovskis, in his Tsinghua address, said it would follow well-established rules and be done in consultation with Chinese authorities and stakeholders. Dombrovskis cited as examples a new foreign relations law and an updated anti-espionage law that has European companies struggling to understand their compliance obligations.
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EU commissioner, in China, calls for more balanced trade and warns that Ukraine could divide themBEIJING (AP) — The European Union's trade commissioner called for a more balanced economic relationship with China on Monday, noting a trade imbalance of nearly 400 billion euros ($425 billion), while also warning that China's position on the war in Ukraine could endanger its relationship with Europe. Valdis Dombrovskis, in a speech at China's prestigious Tsinghua University, said that the EU and China face significant political and economic headwinds that could cause them to drift apart. “The s
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