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Xi: China, EU Should Strengthen Cooperation To React To Global Issues

CHINA-EU

Comments emerging on wires and social media from both Chinese President Xi Jinping's office and that of German Chancellor Angela Merkel following the conference call involving the two as well as French President Emmanuel Macron.

  • Xi: The EU and China should strengthen cooperation in order to effectively react to global issues.
  • Xi: I hope Chinese firms will experience a fair, transparent, and impartial operating environment in Europe.
  • XI: I hope EU countries can take a more active role in international affairs in order to achieve true strategic independence.
  • Mentioning 'strategic independence' hits at the heart of intra-EU disagreements over foreign policy between those nations keen to remain closely tied to US and NATO, and those (with Macron seen as the figurehead) advocating for 'strategic autonomy' in foreign relations with less reliance on being in lock-step with US.
  • Readout from Merkel's office doesn't give much detail: "Chancellor Merkel, President Macron and President Xi exchanged views in particular on the status of relations between the EU and China. They also talked about international trade, climate protection and biodiversity. The Federal Chancellor and President Macron promoted further adjustments to short-term CO2 savings targets and additional joint efforts to protect biodiversity at the 15th Conference of the Parties to the Convention on Biodiversity in Kunming, China which is planned for October. The conversation also revolved around working together to fight the COVID-19 pandemic, global vaccine supply and international and regional issues."
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EM BulletHomepagemarkets-real-timeChina Market NewsPolitical RiskEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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