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Xi Jinping snubs EU-China anniversary summit

by Index Investing News
March 16, 2025
in Economy
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Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.

China’s President Xi Jinping has declined an preliminary invitation to go to Brussels for a summit to mark the fiftieth anniversary of ties, because the EU questions the sincerity of latest Chinese language overtures.

Beijing advised EU officers that China’s second-ranked chief Premier Li Qiang would meet the presidents of the European Council and Fee in Brussels for the summit relatively than Xi, two individuals acquainted with the matter mentioned. 

The internet hosting of EU-China summits historically alternates between Brussels and Beijing. The premier normally attends the summit in Brussels, and Xi hosts it in Beijing, however the EU believes the significance of this assembly — to commemorate half a century of diplomatic relations — signifies that China’s president ought to attend, the individuals mentioned. 

Either side mentioned talks continued, however the preliminary snub has confirmed the view amongst many in Brussels that China won’t add concrete motion to its heat phrases about the necessity to co-operate within the face of US President Donald Trump’s assault on the multilateral world order.

This 12 months’s summit comes at a very delicate time for EU-China relations. 

Tensions between Brussels and Beijing have grown since Russia’s full-scale invasion of Ukraine in 2022, with the EU accusing China of backing the Kremlin. The bloc has additionally imposed tariffs on Chinese language electrical automobile imports, claiming they’re subsidised. 

EU officers say China, which final 12 months had a €304.5bn commerce surplus with the bloc, isn’t doing sufficient to rebalance commerce by decreasing subsidies for its industries and reducing commerce obstacles for international corporations doing enterprise on the planet’s second-largest economic system.

“The connection is on ice,” mentioned a senior EU diplomat. “It’s a change of tone not substance. Their coverage isn’t going to vary and the identical is true for us.”

Lu Shaye, China’s former outspoken ambassador to France who’s now Beijing’s particular consultant for European affairs, mentioned China’s coverage in direction of Europe had all the time “advocated peace, friendship, co-operation,and mutual profit”. 

“This has by no means modified. It’s simply that the distinction with the present US coverage in direction of Europe makes China’s coverage in direction of Europe seem much more visionary, honest and affordable. I hope this might function a wake-up name [for Europe],” he mentioned. 

Generally known as a “wolf warrior” diplomat for his aggressive diplomacy, Lu induced an uproar in Europe final 12 months when he questioned whether or not Crimea was a part of Ukraine and the sovereignty of former Soviet republics reminiscent of EU members Latvia, Estonia and Lithuania.

His appointment to handle China’s diplomatic relationship with Europe was seen by some commentators as a hardening of Beijing’s stance, however on the similar time, one other EU diplomat mentioned, “there’s a Chinese language attraction offensive below manner”.

“China even mentioned that they count on Europe to have a seat on the negotiating desk [in Ukraine peace talks],” the diplomat added. “I additionally hear much less speak about EU-China commerce frictions. They nonetheless exist, however there’s much less deal with it.”

The EU’s commerce chief Maroš Šefčovič is ready to go to China on the finish of this month. Spanish international minister José Manuel Albares advised the Monetary Instances final month that the EU also needs to see potential alternatives. When China “is usually a accomplice — let’s make the most of that”, Albares mentioned.

Ursula von der Leyen, European Fee president, mentioned in February that whereas the EU would maintain “de-risking” by defending its trade, “we are able to discover agreements that might even broaden our commerce and funding ties”. 

Really helpful

Trump’s 25 per cent tariffs on metal and aluminium have pressured the EU to reply, whilst trade teams warn of the injury it’ll trigger. However a senior EU official mentioned a crucial focus when it got here to China was defensive measures to maintain out “a wave” of Chinese language merchandise displaced from the US market by the tariffs.

On Friday the EU opened an anti-dumping investigation in opposition to Chinese language exports of adipic acid, used to provide nylon and plenty of different merchandise. It’s the eleventh case since October, together with these concerning sweetcorn, metallic screws and candles.

“Casual discussions are ongoing each about setting the date for the EU China summit this 12 months and the extent of illustration,” mentioned an EU official.

China’s ministry of international affairs mentioned it didn’t have “any info to offer” concerning the matter.



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