analysis World
article with YT video in embedded component-EU chief will urge 'fair' China competition in talks with Xi Jinping
Von der Leyen's European Commission, the European Union's authority on trade issues, has opened a slew of competition probes targeting China in recent months.
"We have been very clear-eyed about our relationship with China, which is one of the most complex, but also one of the most important," the commission president said.
"Over the last year, I have met with President Xi twice and we have spent some time discussing the EU-China relations from trade to climate, from global affairs to digital issues," she said.
Von der Leyen stressed the problem of Chinese overcapacity and how it was leading to Chinese goods entering the European Union at prices too low for EU firms to compete with.
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China is currently manufacturing, with massive subsidies, more than it is selling due to its own weak domestic demand. This is leading to an oversupply of Chinese subsidised goods, such as EVs and steel, that is leading to unfair trade," she said.
"Europe cannot accept such market-distorting practices that could lead to de-industrialisation in Europe."
Von der Leyen said she would "encourage the Chinese government to address these overcapacities in the short-term", adding that the EU will work with other wealthy and emerging economies that were "increasingly affected by China's market distortions".
BC video below
My mum and I can barely agree on where to have lunch, so it’s with the greatest respect and admiration that in celebration of Mother’s Day this year, CNA Women presents three intrepid mother-and-daughter duos who have decided to work together.
