The Prague Post - Xi says China, EU must deepen trust but bloc chief urges 'real solutions'

EUR -
AED 4.224498
AFN 73.046998
ALL 95.696809
AMD 432.204851
ANG 2.059141
AOA 1054.829329
ARS 1592.010727
AUD 1.675056
AWG 2.070548
AZN 1.940108
BAM 1.948608
BBD 2.309277
BDT 140.680786
BGN 1.966226
BHD 0.433201
BIF 3405.830021
BMD 1.150305
BND 1.476451
BOB 7.951653
BRL 6.045197
BSD 1.146568
BTN 108.672918
BWP 15.806662
BYN 3.412904
BYR 22545.969045
BZD 2.30589
CAD 1.596968
CDF 2625.574789
CHF 0.91761
CLF 0.026955
CLP 1064.331108
CNY 7.950732
CNH 7.960418
COP 4213.548953
CRC 532.434929
CUC 1.150305
CUP 30.48307
CVE 109.859539
CZK 24.520469
DJF 204.166478
DKK 7.471797
DOP 68.248115
DZD 153.002311
EGP 60.777976
ERN 17.254568
ETB 177.243244
FJD 2.596697
FKP 0.865848
GBP 0.867439
GEL 3.082826
GGP 0.865848
GHS 12.562635
GIP 0.865848
GMD 84.544271
GNF 10052.897527
GTQ 8.774615
GYD 240.004211
HKD 9.010715
HNL 30.441648
HRK 7.528973
HTG 150.295301
HUF 389.275139
IDR 19544.594431
ILS 3.609219
IMP 0.865848
INR 109.106617
IQD 1501.956692
IRR 1510637.441228
ISK 143.511534
JEP 0.865848
JMD 180.473921
JOD 0.815557
JPY 184.302906
KES 148.930339
KGS 100.594127
KHR 4592.052002
KMF 492.330608
KPW 1035.277493
KRW 1734.659682
KWD 0.35419
KYD 0.955474
KZT 554.294253
LAK 24936.96454
LBP 102671.866453
LKR 361.167032
LRD 210.383532
LSL 19.688137
LTL 3.396551
LVL 0.695808
LYD 7.318988
MAD 10.71595
MDL 20.138674
MGA 4778.364375
MKD 61.41334
MMK 2414.296687
MNT 4107.901635
MOP 9.250957
MRU 45.779042
MUR 53.799879
MVR 17.772118
MWK 1988.062609
MXN 20.790024
MYR 4.513787
MZN 73.561762
NAD 19.688137
NGN 1591.40025
NIO 42.194273
NOK 11.214469
NPR 173.876271
NZD 2.001196
OMR 0.441809
PAB 1.146568
PEN 3.993959
PGK 4.954714
PHP 69.650797
PKR 319.99678
PLN 4.28198
PYG 7496.333102
QAR 4.180272
RON 5.092741
RSD 116.968302
RUB 93.859963
RWF 1674.320545
SAR 4.316807
SBD 9.250792
SCR 17.299154
SDG 691.333041
SEK 10.880052
SGD 1.481684
SHP 0.863026
SLE 28.24003
SLL 24121.32357
SOS 655.281537
SRD 43.252632
STD 23808.981587
STN 24.40991
SVC 10.031975
SYP 127.140463
SZL 19.686343
THB 37.379115
TJS 10.955068
TMT 4.026066
TND 3.380324
TOP 2.769657
TRY 51.125333
TTD 7.790248
TWD 36.86082
TZS 2958.082533
UAH 50.256218
UGX 4271.236046
USD 1.150305
UYU 46.408718
UZS 13982.394836
VES 538.260113
VND 30296.145905
VUV 137.329595
WST 3.192651
XAF 653.544946
XAG 0.016438
XAU 0.000256
XCD 3.108755
XCG 2.066374
XDR 0.8128
XOF 653.544946
XPF 119.331742
YER 274.462738
ZAR 19.700173
ZMK 10354.122627
ZMW 21.583342
ZWL 370.397594
  • JRI

    -0.2700

    11.8

    -2.29%

  • BCC

    0.1400

    74.43

    +0.19%

  • BTI

    0.3749

    57.8

    +0.65%

  • GSK

    -0.1000

    53.84

    -0.19%

  • RIO

    0.8500

    86.64

    +0.98%

  • BCE

    -0.2200

    25.25

    -0.87%

  • AZN

    5.0200

    188.42

    +2.66%

  • NGG

    -0.4800

    81.92

    -0.59%

  • CMSC

    -0.0500

    22.77

    -0.22%

  • RBGPF

    -13.5000

    69

    -19.57%

  • BP

    0.5100

    46.68

    +1.09%

  • CMSD

    -0.0900

    22.66

    -0.4%

  • VOD

    -0.1400

    14.49

    -0.97%

  • RELX

    -0.1000

    31.97

    -0.31%

  • RYCEF

    -0.5900

    14.65

    -4.03%

Xi says China, EU must deepen trust but bloc chief urges 'real solutions'
Xi says China, EU must deepen trust but bloc chief urges 'real solutions' / Photo: Andres MARTINEZ CASARES - POOL/AFP

Xi says China, EU must deepen trust but bloc chief urges 'real solutions'

Chinese President Xi Jinping said China and the EU must deepen trust in a turbulent world but the bloc's chiefs called for "real solutions" to move past an inflection point as they met in Beijing on Thursday.

Text size:

China's leadership has sought to draw the European Union closer as it positions itself as a more reliable partner than the United States and a bedrock of stability in a troubled world.

But the EU has made clear it will confront deep divisions over trade, fears that cheap, subsidised Chinese goods could overwhelm European markets and Beijing's tacit support for Russia's war against Ukraine.

Though nominally intended to celebrate 50 years of diplomatic ties, the long list of grievances set the stage for a contentious summit.

Welcoming EU Commission head Ursula von der Leyen and European Council chief Antonio Costa at Beijing's ornate Great Hall of the People, Xi said "the more severe and complex the international situation is, the more important it is for China and the EU to strengthen communication, increase mutual trust and deepen cooperation".

In that context of that turmoil, Xi said, Chinese and European leaders must "make correct strategic choices that meet the expectations of the people and stand the test of history".

In response, von der Leyen said "it is vital for China and Europe to acknowledge our respective concerns and come forward with real solutions".

Ties had reached an "inflection point", she warned.

Costa also stressed to the Chinese leader that the bloc wanted to see "concrete progress on issues related to trade and the economy, and we both want our relationship to be... mutually beneficial".

Brussels has acknowledged the talks between its top bosses and Chinese President Xi and Premier Li Qiang later Thursday may be tense.

"We know that we don't see eye to eye with China on many issues," a senior EU official told AFP last week.

"But we believe that it is essential to have this kind of very direct and open and constructive conversation sitting at the table at the highest level."

- 'Not naive' -

Top of the agenda for the EU is the yawning trade deficit with China that stood at around $360 billion last year and which von der Leyen has described as "unsustainable".

Beijing has dismissed those concerns, insisting that Brussels must "rebalance its mentality", not its economic ties with China.

Von der Leyen has also said Brussels will demand that China eases market access for European companies and loosens export controls on strategically crucial rare earths.

The EU has imposed hefty tariffs on electric vehicles imported from China, arguing that Beijing's industrial subsidies unfairly undercut European competitors.

China has rebuffed that claim and announced what were widely seen as retaliatory probes into imported European pork, brandy and dairy products.

A second key source of friction is Russia's war in Ukraine -- Brussels says China's deepening political and economic relations with Russia since the 2022 invasion represent tacit support for Moscow that have helped its economy weather sweeping Western sanctions.

Meeting Xi on Thursday, Costa urged China to "use its influence" on Russia to help end Moscow's "war of aggression".

Last week, the bloc adopted a new package of sanctions on Russia over the war -- including on two Chinese banks, leading Beijing's commerce minister to issue "solemn representations" to his EU counterpart.

"This is a core issue for Europe," the senior EU official said.

"We know that Chinese companies supply around 80 percent of the dual-use goods to the war," they said, referring to goods with nominally civilian uses but which can also have military applications.

"We're not naive. We're not asking China to cut relations, but to step up the customs and financial controls."

X.Vanek--TPP