Headlines
China calls for cooperation with EU amid 'global challenges'
Published by Global Banking and Finance Review
Posted on February 5, 2025
Global Banking and Finance Review
Company
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on February 5, 2025
BEIJING (Reuters) - China is willing to work with the European Union to boost cooperation and respond to "global challenges," its foreign ministry said on Wednesday, as the bloc faced potential U.S. tariffs on its shipments to the world's largest economy.
"The world is facing the risk of division, fragmentation and disorder," said Lin Jian, spokesperson at the Chinese ministry. "China-EU relations have all the more strategic importance and global influence."
The EU's trade chief said on Tuesday that the bloc wanted to engage swiftly with the United States over President Donald Trump's planned tariffs. European Commission President Ursula von der Leyen warned that talks with Washington would be tough.
As transatlantic ties come under strain with Trump's tariff threats, China hawks within the EU such as von der Leyen are showing signs of willingness to rethink the relationship between Beijing and Brussels, a bond that had been tested by trade tensions and China's ties with Russia.
Speaking in Brussels on Tuesday, von der Leyen said the EU would keep "de-risking" its relationship with China but added that there was room to "find solutions" in their mutual interest and "find agreements" that could even expand trade and investment ties.
She did not give details on what those agreements could be.
In Davos last month, von der Leyen also said both sides should find solutions of mutual interest.
In October, the EU imposed double-digit tariffs on China-made electric vehicles after an anti-subsidy investigation, in addition to its standard car import duty of 10%. The move drew loud protests from Beijing, which in return, raised market entry barriers for certain EU products such as brandy.
"China attaches great importance to its ties with the EU and views Europe as a comprehensive strategic partner and important and independent pillar in the multipolar world," said Lin.
"We hope the EU can become a cooperation partner that China can trust."
(Reporting by Colleen Howe; writing by Ryan Woo; Editing by Muralikumar Anantharaman, Toby Chopra and Bernadette Baum)