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Tensions simmer as Xi courts EU while Brussels demands trade rebalance

142d ago
Business
CNBC
Business meeting
Tensions are high as Chinese President Xi Jinping engages in diplomatic efforts with European Union leaders during the 25th EU-China summit. While Xi aims to strengthen ties, Brussels is pushing for a rebalancing of trade relations, citing concerns over market access and unfair competition. The summit is expected to address these contentious issues, with the EU seeking concrete commitments from China to level the playing field and address trade imbalances. The outcome of the discussions could significantly impact future economic cooperation between the two global powers.
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