January 14, 2025 12:19 GMT
CHINA-EU: Xi Holds Call w/EUCO Pres But Med Dev Procurement Rpt Risks Ructions
CHINA-EU
EM BulletHomepagemarkets-real-timeAPACPolitical RiskChinaEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
(MNI) London - Chinese state media reporting on a call between President Xi Jinping and European Council President Antonio Costa. On the call, Xi told Costa "China and Europe are partners [and] have no fundamental conflicts of interest or geopolitical disputes." Xi: "China has confidence in the EU, [and] hopes the EU can become a partner that China can trust."
- Xi: "As long as China and Europe respect each other, treat each other as equals and engage in sincere dialogue, they can advance cooperation and achieve great things."
- Xi: "China and Europe should strengthen strategic cooperation [and] enhance strategic mutual trust as the international situation becomes more severe and complex."
- Earlier the EU published a report relating to a probe into whether the Chinese gov't is discriminating against EU firms in its medical devices procurement tender process.
- As Bloomberg notes, the report "confirmed the bloc’s concerns that the Asian country discriminates against foreign firms, opening the door to potential measures that could curb Beijing’s access to public tenders in future. [...] The move risks further raising tensions between the EU and China..."
- Trade Commissioner Maroš Šefčovič: “[EU] openness needs to be reciprocal: government contracts in the EU are open to non-EU countries, and we expect other countries to treat our companies with similar fairness. We have found that China is discriminating against EU medical devices producers in bids for public contracts, and while we continue to prioritise dialogue as a first step to finding solutions, we stand ready to take decisive action to defend the level playing field, ....”
256 words