China and EU Urged to Expand Trade and Investment Ties to Enhance Economic Resilience

Strategic Insights -

Chinese Premier Li Qiang called on China and the European Union to deepen economic and trade cooperation, noting that cooperation is the only right choice for both sides. The bilateral trade and economic cooperation have shown strong internal vigor in the half-century since the establishment of diplomatic relations, and China and Europe can become a bulwark of stability for economic globalization and international supply chains by advocating free trade and multilateralism. Li Qiang proposed that both sides focus on areas such as trade in services, scientific and technological innovation, green economy, and cooperation with third parties, building a relationship of healthy competition and cooperation. He also called on enterprises from both sides to adhere to an open attitude, closely align their needs, and deepen cooperation in areas such as industrial investment, market expansion, and joint research and development.

Key Takeaways:

  • Chinese Premier Li Qiang called on China and the EU to expand trade and investment ties to enhance economic resilience and better cope with external uncertainties.
  • Li Qiang noted that bilateral trade and economic cooperation have shown strong internal vigor in the half-century since the establishment of diplomatic relations.
  • The premier emphasized that cooperation is the only right choice for China and the EU to become a bulwark of stability for economic globalization and international supply chains.
  • Li Qiang proposed focusing on areas such as trade in services, scientific and technological innovation, green economy, and cooperation with third parties.
  • The Chinese leader called on enterprises from both sides to adhere to an open attitude, closely align their needs, and deepen cooperation in industrial investment, market expansion, and joint research and development.
  • Li Qiang assured that China will continue to expand high-level opening-up, shorten the negative list for foreign investment, strengthen intellectual property protection, and ensure fair competition.
  • The EU welcomes investment and activities by Chinese companies in Europe and has no intention to cut ties with China.
  • The European Commission has proposed deepening economic and trade cooperation with China to create a favorable environment for cooperation and business.

Statistics:

  • The EU has been in diplomatic relations with China for 50 years.
  • China's trade with the EU accounts for a significant portion of the country's foreign trade.
  • The EU is a major industrial power and has achieved outstanding results in innovation.
  • The EU has a population of over 450 million people and a GDP of over $18 trillion.

Sources:

  • Xinhua News Agency, "Chinese Premier Calls on China, EU to Expand Trade, Investment Ties"
  • State Council News of the People's Republic of China, "Premier Li Calls for Enhanced China-EU Cooperation"
  • European Commission, "Deepening Economic and Trade Cooperation with China"
  • People's Daily, "China-EU Cooperation: A Path to Mutual Benefit"