CHINA – INSIGHT EU MONITORING

LATEST NEWS

EU Statement at the WTO Trade Policy Review of Hong Kong, China

“Hong Kong, China, has stated that these political developments do not undermine the principle of ‘One Country, Two Systems’, which is one of the fundamental tenets of Hong Kong, China’s open trade policy. Yet, our business community is concerned about the changes to Hong Kong, China’s otherwise very open business climate. Freedom of information and an independent judiciary are important benchmarks for EU businesses” – EU Statement at the World

07/12/2023

MEPs warn of Chinese influence over vital European infrastructure

In a new report, MEPs warn of the risks of growing Chinese influence over European critical infrastructure and calls on the EU to take action to reduce crucial vulnerabilities. In the report, MEPs examine how China, through its so-called military-civil fusion (MCF) strategy, is increasingly gaining access to and exercising influence over European critical infrastructure.

29/11/2023

Meeting between President Biden and President Xi: U.S. and Chinese statements

President Joseph R. Biden, Jr. today held a Summit with President Xi Jinping of the People’s Republic of China (PRC), in Woodside, California. The two leaders held a candid and constructive discussion on a range of bilateral and global issues including areas of potential cooperation and exchanged views on areas of difference.

17/11/2023

China: EUCCC on clean-up of unequal treatment of domestic and foreign investors

The European Chamber will monitor developments and looks forward to the release of a timeline and more specific implementation guidelines. In the meantime, we will continue to work closely with the Ministry of Commerce (MOFCOM) to optimise the operating environment for all companies in China.

15/11/2023

Remarks by U.S. President Biden and Chinese President Xi before their top meeting

“The China-U.S. relationship, which is the most important bilateral relationship in the world, should be perceived and envisioned in a broad context of the — of the accelerating global transformations unseen in a century. It should develop in a way that benefits our two peoples and fulfills our responsibility for human progress” – President Xi

15/11/2023

Transcript of the IMF press briefing on the 2023 China Article IV Consultation Mission

“We project China’s GDP growth to reach 5.4 percent in 2023, reflecting a strong post reopening rebound in domestic demand, particularly in assumption. We project growth to slow to 4.6 percent next year, as we expect the weakness in the property sector to continue and external demand to remain subdued. These forecasts are an upgrade from our previous projection. Specifically, we have revised up growth by 0.4 percentage points, in

09/11/2023

EU and China discuss competition policy and enforcement

Officials and experts from the EU and China will meet online from 23 to 25 October 2023 to discuss their cooperation on competition law and enforcement. The sessions will focus on competition law enforcement in the EU and China, particularly on the approach to vertical mergers, as well as on competition law enforcement and trade associations.

23/10/2023

A candid exchange on our differences – EU HRVP Borrell on EU-China relations

The main, and long overdue, purpose of this visit was to co-chair the EU-China Strategic Dialogue, to prepare the next EU-China Summit. I also had the opportunity to meet with Vice President Han Zheng and to give a speech at Beida, China’s prestigious Peking University. In Shanghai, I spoke with European business representatives and had a long and substantial exchange of views with eminent Chinese scholars at Shanghai’s Institute of

21/10/2023

Belt and Road Forum talks: Minutes of Chinese and Russian counterparties

“You have just mentioned our bar – our objective of reaching $200 billion in trade this year. If we look at the year-on-year figures – we analysed this yesterday evening – the 200-billion target was reached between this day a year ago and today, and this bar will certainly be exceeded by the end of the calendar year. Therefore, we are advancing very confidently on the bilateral plane as well” – Excerpt of the statements.

18/10/2023

“Belt and Road” and Russia: Comment by Chinese Foreign Ministry Spokesperson Mao Ning

At the invitation of President Xi Jinping, Russian President Putin will attend the third Belt and Road Forum for International Cooperation and related events. The two heads of state will also hold a meeting to have an “in-depth exchange of views on bilateral relations and issues of mutual interest”.

17/10/2023

China visit: Concluding press remarks by EU High Representative Borrell

“The conclusion is that despite our differences, there is still a space for cooperation. Yes, we don’t have the same political system, which is not a secret. We don’t have the same economic system, that is not a secret neither. But despite the differences, we believe that there is still a space for cooperation and the most important challenges that the world is facing cannot be solved without a strong

15/10/2023

China: Speech by EU HRVP Borrell at Peking University

We have great assets. We account only for 6% of the world’s population and more than 15% of global wealth. We are a very powerful trading power. We are also what we call a normative power, carefully but quickly setting standards in many areas that pay no attention to geographical borders: data protection, artificial intelligence and much more.

13/10/2023

3rd China-Germany High-Level Financial Dialogue – joint statement

Chinese Vice Premier He Lifeng and German Minister of Finance Christian Lindner co-chaired the 3rd China-Germany High Level Financial Dialogue in Frankfurt am Main, attended by senior officials from the two countries. Both sides reiterated that this dialogue mechanism is a key platform for bilateral exchange and policy coordination on strategic, overarching, and long-term fiscal and financial issues.

03/10/2023

EU calls for greater market access and fair competition at EU-China High-Level Dialogue

European Commission Executive Vice-President, Valdis Dombrovskis, and Vice Premier of the State Council, He Lifeng, co-chaired today the 10th EU-China High-level Economic and Trade Dialogue (HED). The HED is the main platform for the EU and China to discuss economic and financial matters, as well as trade and investment cooperation.

26/09/2023

EU-China Dialogue: EU calls for greater market access and fair competition

The two sides discussed the macro-economic situation in the EU, China and globally. Executive Vice-President Dombrovskis emphasised in particular the impact of Russia’s unprovoked attack on Ukraine on global economic growth prospects, as well as on food and energy security. The two sides discussed market access and supply chain issues, where Executive Vice-President Dombrovskis called for progress on EU concerns on access to the Chinese market, and for rebalancing the EU–China economic and trade

25/09/2023

Press remarks by Chinese VP Han Zheng and U.S. State Secretary Blinken before their meeting

“At present, China-U.S. relations are the most consequential relations. In June this year, you visited China and held candid, pragmatic, and productive communication with various sides in China. Such communications sent to the whole world the constructive message of China and the United States stepping up engagement and dialogue and working together to stabilize the bilateral relationship. The world needs a steady and sound China-U.S. relationship, and such a relationship

19/09/2023

EU-China: EU Commission and China hold second High-level Digital Dialogue

Today, the Commission held its second High-level Digital Dialogue with China. Co-chaired by Vera Jourova, Vice-President for Values and Transparency, and Vice-Premier of China, Zhang Guoqing, this dialogue hosted in Beijing covered key issues such as platforms and data regulation, Artificial Intelligence, research and innovation, cross-border flow of industrial data, or the safety of products sold online. The Commissioner for Justice and consumer rights, Didier Reynders, also participated in the discussions by video

18/09/2023

EU Chamber of Commerce in China on the extension of China’s IIT policy for foreign nationals

This announcement comes on the heels of the Opinions of the State Council on Further Optimising the Foreign Investment Environment and Increasing Efforts to Attract Foreign Investment (Opinions). Given that the Opinions implied that an extension to China’s IIT regime for foreign nationals would be forthcoming, the European Chamber is hopeful that further concrete measures will now be taken to implement the other points contained in this document.

30/08/2023

UK: Foreign Secretary’s meetings with China’s Foreign Minister and Vice President

During his visit to Beijing Foreign Secretary James Cleverly held bilateral meetings with senior Chinese government figures. Foreign Secretary James Cleverly has held bilateral meetings with senior Chinese government figures during his visit to Beijing.

30/08/2023

Hong Kong and China formally accept Agreement on Fisheries Subsidies

Adopted by consensus at the WTO’s 12th Ministerial Conference (MC12) held in Geneva on 12-17 June 2022, the Agreement on Fisheries Subsidies sets new binding, multilateral rules to curb harmful subsidies, which are a key factor in the widespread depletion of the world’s fish stocks. In addition, the Agreement recognizes the needs of developing and least-developed countries (LDCs) and establishes a fund to provide technical assistance and capacity building to help

21/08/2023

Camp David: Intensified security cooperation of Japan, South Korea, and the United States

President Biden welcomed Japanese Prime Minister Kishida and Republic of Korea (ROK) President Yoon to a historic trilateral summit at Camp David, the first-ever stand-alone summit of Leaders from the United States, Japan, and the ROK, and the first summit of foreign leaders at Camp David during the Biden-Harris Administration. The Leaders jointly inaugurated a new era of trilateral partnership and reaffirmed that cooperation between the United States, Japan, and

19/08/2023