The European Union’s chief trade negotiator warned that China’s position on the war in Ukraine is hurting its global image as an investment destination, as he completed a high-stakes trip to the Asian powerhouse.
Valdis Dombrovskis, an executive vice president at the European Commission, issued some of the bloc’s strongest attacks yet on President Xi Jinping’s foreign policy at a press briefing in Beijing on Tuesday, wrapping up a four-day trip to the country.
The EU official defended that decision in China saying the bloc need to be more “assertive” in protecting its interests when trading with the world’s second-largest economy. China’s Vice Premier He Lifeng expressed “strong concern and dissatisfaction” over the EV investigation on Monday, after emerging from talks with his European counterpart.
The two sides also agreed to improve relations in their financial industries, speed up market access for EU agricultural products and strengthen cooperation between securities and futures regulatory authorities, without providing details on the measures. Major areas of dispute such as access to government procurement for EU companies, China’s subsidies for its burgeoning EV market and the rapidly growing trade deficit were left on the table.
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