China and EU leaders agree on need for 'balanced' trade ties at summit - CNA

"CONFRONTATION"

Xi said China and Europe should not view each other as rivals or "engage in confrontation" because of their different political systems.

China is willing to make the 27-nation EU a key economic and trade partner and to cooperate on science and technology, including artificial intelligence, Xi said.

He urged the EU in talks at Beijing's Diaoyutai State Guesthouse to "eliminate all kinds of interference" in the bilateral relationship, state broadcaster CCTV reported.

Xi said both sides needed to develop "a right perception" of each other, and encourage mutual understanding and trust.

Li said at a separate meeting that China opposed the "broad politicisation and securitisation" of economic and trade issues in violation of the basic norms of market economies, CCTV said.

"We hope that the EU will be prudent when introducing restrictive economic and trade policies and when using trade remedy measures to keep its trade and investment markets open," Li said.

A big focus of the EU visit was to urge Xi to stop Chinese private companies exporting European-made, dual-use items to Russia for its military campaign in Ukraine. 

Michel urged China to "engage constructively" on peace proposals by Kyiv, but EU officials gave no indication of movement on the issue of private Chinese re-exports to Russia.

China has pushed back against an EU anti-subsidy investigation into Chinese electric vehicles and the EU's "de-risking" policy to reduce its reliance on Chinese imports, particularly of critical raw materials.

He Yadong, a Chinese commerce ministry spokesperson, said China believed the investigation "seriously disrupts and distorts the global automotive industry chain ... and will have a negative impact on China-EU economic and trade relations".

Noah Barkin, senior visiting fellow at the German Marshall Fund, said the summit was largely about "managing differences, and preventing a descent into confrontation".

"The EU side achieved its main goal, which was to convey the seriousness of its concerns about imbalances in the trade relationship and China's support for Russia," he said. "But it would be wrong to expect the fundamental economic and political changes from Xi Jinping that the EU is seeking."

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2023-12-08 03:32:03Z
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China and EU leaders agree on need for 'balanced' trade ties at summit - CNA

"CONFRONTATION"

Xi said China and Europe should not view each other as rivals or "engage in confrontation" because of their different political systems.

China is willing to make the 27-nation EU a key economic and trade partner and to cooperate on science and technology, including artificial intelligence, Xi said.

He urged the EU in talks at Beijing's Diaoyutai State Guesthouse to "eliminate all kinds of interference" in the bilateral relationship, state broadcaster CCTV reported.

Xi said both sides needed to develop "a right perception" of each other, and encourage mutual understanding and trust.

Li said at a separate meeting that China opposed the "broad politicisation and securitisation" of economic and trade issues in violation of the basic norms of market economies, CCTV said.

"We hope that the EU will be prudent when introducing restrictive economic and trade policies and when using trade remedy measures to keep its trade and investment markets open," Li said.

A big focus of the EU visit was to urge Xi to stop Chinese private companies exporting European-made, dual-use items to Russia for its military campaign in Ukraine.

Michel urged China to "engage constructively" on peace proposals by Kyiv, but EU officials gave no indication of movement on the issue of private Chinese re-exports to Russia.

China has pushed back against an EU anti-subsidy investigation into Chinese electric vehicles and the EU's "de-risking" policy to reduce its reliance on Chinese imports, particularly of critical raw materials.

He Yadong, a Chinese commerce ministry spokesperson, said China believed the investigation "seriously disrupts and distorts the global automotive industry chain ... and will have a negative impact on China-EU economic and trade relations".

Noah Barkin, senior visiting fellow at the German Marshall Fund, said the summit was largely about "managing differences, and preventing a descent into confrontation".

"The EU side achieved its main goal, which was to convey the seriousness of its concerns about imbalances in the trade relationship and China's support for Russia," he said. "But it would be wrong to expect the fundamental economic and political changes from Xi Jinping that the EU is seeking."

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2023-12-07 18:41:03Z
CBMiX2h0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vd29ybGQvY2hpbmEtZXUtbGVhZGVycy1hZ3JlZS1iYWxhbmNlZC10cmFkZS10aWVzLXN1bW1pdC0zOTczNjIx0gEA

Xi to visit Vietnam for first time in 6 years as China, US compete for influence - South China Morning Post

During US President Joe Biden’s visit to Vietnam in September, Hanoi lifted its ties with Washington to the level of “comprehensive strategic partnership”, putting it on equal diplomatic status with Beijing.

Supply chains headline China-Vietnam talks as US vies for influence

Vietnam also elevated its relationship with Japan to the same level two weeks ago.

“China and Vietnam are both socialist countries and are both promoting reforms and innovations that fit into our respective national conditions,” Wang told a press conference in Beijing on Thursday.

He added it was in the common interests of both sides to strengthen solidarity and friendship and deepen cooperation, which is “conducive to maintaining peace, stability and prosperity in the region as well as the world”.

During his trip, Xi will meet Vietnamese Communist Party General Secretary Nguyen Phu Trong and President Vo Van Thuong, as well as Prime Minister Pham Minh Chinh and National Assembly chairman Vuong Dinh Hue, according to the foreign ministry.

In addition to maritime issues, Xi’s agenda will focus on cooperation in political matters, security, practical and multilateral areas of cooperation and improving public opinion.

03:13

Joe Biden says US and Vietnam ‘deepening cooperation’

Joe Biden says US and Vietnam ‘deepening cooperation’

Chinese Foreign Minister Wang Yi visited Hanoi last week to pave the way for Xi’s visit. Wang and his Vietnamese counterparts agreed to upgrade the rail link across their border and improve trade connections.

Chinese Commerce Minister Wang Wentao also visited Vietnam in late November and promoted “higher quality development of the trade and economic relationship”.

China is Vietnam’s largest trading partner and a major foreign investor. Many international manufacturers, including Chinese companies, have moved parts of their supply chains to the Southeast Asian country against the backdrop of US-China trade tensions and geopolitical rivalry.

Few options left for Beijing in South China Sea after Camp David summit

Vietnam is considered a critical part of the US Indo-Pacific strategy to counter China’s growing influence in the region.

Biden’s visit to Vietnam included discussions on bilateral security cooperation. He also announced deals on semiconductors and rare earth minerals, which are at the core of Washington’s sour ties with Beijing.

Despite growing economic ties between China and Vietnam and friendly relations between their ruling communist parties, the countries also have unresolved disputes in the South China Sea.

The two countries fought a brief war over the Paracel Islands in 1974 and another military skirmish in the Spratly Islands in 1988.

A more recent dispute happened in May, when a Chinese survey vessel and its escorts were accused of violating Vietnam’s exclusive economic zone.

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2023-12-07 14:00:20Z
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Xi Tells EU Leaders China Wants to Be 'Key Partner' on Trade - Bloomberg

Chinese President Xi Jinping told European Union leaders that he wants the two sides to be key trade partners capable of building trust over supply chains, as they met in Beijing to hash out a litany of economic concerns and frustrations.

“China is promoting high-quality development and high-level opening up, and is willing to regard the EU as a key partner in economic and trade cooperation,” Xi said in a meeting Thursday in Beijing with European Commission President Ursula von der Leyen and European Council President Charles Michel. He said China wants to consider Europe a “trusted partner in industrial and supply chain cooperation to pursue mutual benefit and win-win results,” state broadcaster China Central Television reported.

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2023-12-07 12:18:44Z
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Peru's divisive ex-president Fujimori freed after 16 years in prison for human rights abuses - CNA

LIMA: To his supporters, former Peruvian President Alberto Fujimori saved Peru from terrorism and economic collapse, while his critics see him as an authoritarian who committed atrocities and abused democracy during his decade-long rule in the 1990s, during which his government battled the Shining Path guerrillas.

The son of Japanese immigrants, Fujimori was sentenced to 25 years in 2009 for massacres in 1991 and 1992 that saw 25 people, including a child, gunned down by a clandestine military squad.

On Wednesday (Dec 6), following the restoration of a 2017 Christmas Eve pardon, he was released from prison, despite criticisms from victims' families and a regional human rights court.

Fujimori's doctors and relatives say the 85-year-old suffered from stomach ulcers, weight loss, hypertension and tongue cancer.

"Please don't kill me. If I go back to prison my heart won't take it, it's too weak to go through the same thing again. Don't sentence me to death," Fujimori said in October 2018, months before he returned to prison after the initial pardon.

The release of Fujimori, who spent his time incarcerated gardening and painting, leaves two former presidents in prison: Alejandro Toledo, under investigation for corruption, and Pedro Castillo, who illegally tried to dissolve Congress a year ago.

Fujimori won a shock victory over Nobel Prize-winning writer Mario Vargas Llosa in 1990, and five years later won reelection over former United Nations secretary-general Javier Perez de Cuellar.

Two years later, he sent tanks onto the streets and shuttered Congress, claiming that lawmakers were blocking his stabilisation efforts, and in 1997 Fujimori won acclaim for the rescue of 71 hostages held in Lima for more than 100 days.

He was removed by Congress in 2000 after a video was released showing his intelligence chief bribing a legislator, and went into self-imposed exile in Japan until 2005, when he flew to Chile and was later extradited to Peru.

Fujimori has four children, including Keiko Fujimori, who lost to Castillo in her third run for the presidency.

Fujimori's daughter has faced legal troubles of her own, with a court ruling last week that she stand trial for alleged money laundering.

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2023-12-07 00:45:29Z
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EU tells China 'differences' must be addressed - CNA

The bloc says it hopes the meetings will provide a chance to discuss areas of common interest.

In his opening remarks, President Xi told his European visitors they must "jointly respond to global challenges".

Thursday's talks are set to address more touchy topics too, from human rights and Beijing's continued ties with Russia despite its war in Ukraine to the yawning EU-China trade gap.

Von der Leyen warned this week that the bloc would "not tolerate" that imbalance indefinitely.

"We have tools to protect our market," she told AFP.

Beijing hit back on Wednesday, saying the bloc's efforts to curb exports of sensitive tech to China while balancing trade didn't "make sense".

European officials have said repeatedly this year they aim to "derisk" their economic ties to China after the war in Ukraine exposed the continent's energy dependence on Russia.

"ZERO TRUST"

Beijing's goal this week will be to "hinder or delay derisking at a minimum cost", Grzegorz Stec, an analyst at China-focused think tank MERICS, told a media briefing Wednesday.

Beijing will attempt to "project the image of a responsible global actor and to reassure European actors about the direction of the Chinese economy", Stec said.

But on the eve of the summit, news broke that Italy had withdrawn from China's vast Belt and Road infrastructure initiative.

Prime Minister Giorgia Meloni has long been opposed to Italy's participation in an initiative viewed by many as an attempt by Beijing to buy political influence - and whose economic benefits to Rome were limited.

Also on the agenda at the summit will be the fighting between Israel and Hamas - as well as Russia's war in Ukraine.

China, which has not condemned Moscow's February 2022 invasion of its neighbour, welcomed Russian President Vladimir Putin to Beijing in October, with Xi hailing their "deep friendship".

Such camaraderie is unlikely in Thursday's talks with EU leaders, who one analyst said had "zero trust" in Beijing.

"Both sides are unlikely to get what they want from the other side," Nicholas Bequelin, a senior fellow at Yale's Paul Tsai China Center, told AFP.

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2023-12-07 07:39:11Z
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EU to issue firm words at China summit with limited expectations - CNA

BRUSSELS: Top EU officials will raise an array of concerns from Russia's invasion of Ukraine to trade irritants in a summit with Chinese leaders on Thursday (Dec 7) that is expected to be long on firm words, but short on outcomes.

European Commission President Ursula von der Leyen, European Council President Charles Michel and EU foreign policy chief Josep Borrell meet Chinese President Xi Jinping in the morning and Premier Li Qiang in the afternoon on their one-day visit to Beijing.

There will be no joint statement from Thursday's talks, EU officials said, and they do not expect concrete outcomes from the first in-person EU-China summit since 2019.

"There's not a single outstanding deliverable that will be crowning the summit," said one EU official

By contrast, Xi's meeting with US President Joe Biden in California in November did produce agreements, although simmering differences remained, particularly over Taiwan.

The European Union will also have questions about Chinese intentions towards Taiwan, but its focus will be on Russia's invasion of Ukraine.

The European Union wants Beijing to use its influence on Russia to stop the war, will stress the need to respect sanctions on Russia and will raise the issue of growing arms supply from North Korea to Russia.

The bloc is also concerned about what it considers "imbalanced" economic relations, saying its near €400 billion trade deficit with China reflects restrictions on EU businesses.

China will be expected to ask about an EU anti-subsidy investigation into Chinese electric vehicles and about the EU's "de-risking" policy to reduce its reliance on Chinese imports, particularly of critical raw materials.

EU officials say the two sides could cooperate more on action to combat climate change and to promote biodiversity.

They also point to a series of dialogues set up on macro-economics and trade. These include the EU's planned CO2 emissions import tariff and the circular economy, a possible increase in the number of food products whose names would be protected - such as only applying the term "feta" to a specific Greek cheese.

"These are not per se major summit deliverables ... but in certain areas, there are mutual interests and we can make a difference by working technically and practically together," an EU official said.

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2023-12-06 21:06:17Z
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