China, EU agree to strengthen trade relationship

China, EU agree to strengthen trade relationship”

It remains to be seen whether the items agreed in the statement will be implemented.

Premier Li told reporters that China was ready to foster a better business environment for foreign firms.

European Union diplomats said on Monday negotiators had made some progress, but were still short of an agreed text. But any final communique needs to be signed off by Li, Juncker and Tusk.

While pressing China to cut industrial subsidies and open up more to foreign investment, Europe is resisting protectionism by Mr Trump, wary of his trade war against Beijing.

Like the United States, many European Union countries want to crack down on industrial subsidies and forced technology transfers, although prefer dialogue to the trade war Washington has triggered.

China was hoping that India would review its position on BRI - and participate in the Forum on this occasion - keeping in mind the remarkable turnaround in ties previous year, as evident from the first informal summit between PM Narendra Modi and President Xi Jinping in Wuhan in April 2018.

More news: Canada’s entertainment industry is losing millions due to the coronavirus pandemic

This year's meeting comes a month after the European Commission, the EU's executive arm, branded Beijing "a systemic rival" in a special 10-point report that stressed China's unwillingness to play fair on trade.

"The old narrative is absolutely obsolete", Commission Vice President Jyrki Katainen told Reuters.

Last week, EU Commission officials had been quoted saying that they were met with deep differences with China over investments, minority rights and trade issues and the summit could have ended without a salubrious outcome, indenting Europe's effort to achieve a larger access into the Chinese market, world's second largest economy. The Chinese deny trying to dominate strategic European industries and has repeatedly said it wants a "win-win" relationship of mutual benefit.

Tusk and Juncker are expected to raise concerns about Xi's initiative, namely that the vast infrastructure plan is unsustainable, damaging to the environment, creates financial dependency and is mainly about projecting Chinese power overseas. It includes provisions to ban forced technology transfers and ensure foreign companies have access to public tenders.

EU officials accused Beijing of wanting merely a "feel-good" summit, while Brussels sought to show a common front and address growing concerns over Chinese state-led enterprises and their acquisition of key European assets.

Like this



30 August 2019
The FIBA Basketball World Cup Is Starting, Can Someone Stop Team USA?
The two Balkan sides have a bunch of NBA stars in their ranks, as well as players from the top European basketball leagues. The teams will then have the chance to rest for 2 days, before returning for the second group stage on September 7 th .

25 July 2019
Improve your level of Ukrainian language with NovaMova
A lot of people want to speak and read Ukrainian language correctly, for example: students, pupils, foreigners and many others. This immersion learning method will be very comfortable for every person and you will be highly satisfied with the result.

11 April 2019
Qualcomm reveals AI ready chips
The Snapdragon 665 SoC is outfitted with an Adreno 610 GPU, Hexagon 686 DSP, Snapdragon X12 LTE modem and only supports Wi-Fi 5. Along with that, the Snapdragon 730G enables 15-per cent faster performance over the 730 and supports 960fps slow-motion video.

11 April 2019
Now WhatsApp will let you send 30 audio files at once
Just recently, WhatsApp released iOS beta v2.19.40 giving famous tipster WABetaInfo an opportunity to delve into its code. Previously, " frequently forwarded " tag had started appearing for messages which were forwarded more than four times.

11 April 2019
New Zealand gun laws pass 119-1 after Christchurch mosque shootings
Parliament passed the gun reform bill, the first substantial changes to New Zealand's gun laws in decades, by 119 to 1. High capacity magazines and parts will be included in compensation to guy owners surrendering their weapons.

11 April 2019
Jennifer Lopez & Alex Rodriguez "Really Don't Know" When They're Getting Married
In an interview with Power 105 .1's The Breakfast Club on April 10, J.Lo revealed how Diddy made amends for his misstep. And for good measure, Canseco added, "I am friendly with both him and Jennifer". "We were together so many years ago".

11 April 2019
Avengers: Endgame Ticket Presales Exceeding Captain Marvel, Infinity War, And More Combined
So far, we do know that Iron Man has been rescued, there might be a time lapse and that the Earth's mightiest superheroes are donning completely new suits.

11 April 2019
Heat star Dwyane Wade records triple-double in last National Basketball Association game
LeBron sat out the last six regular season games for the Los Angeles Lakers , so he's been free for the past couple of weeks now. There have been plenty of coaches and players this season who have said Wade can still play another 2-3 years.

11 April 2019
YouTube TV adds more channels, is now pricier
YouTube's Sling TV and PlayStation Vue competitor, aptly named YouTube TV , has given customers a pretty good value so far. However, existing customers will see the price increase on their next billing cycle after May 13.

27 March 2018
The Growth of Online Gaming and Betting Companies
Even though brick and mortar casinos make offers to gamblers, they do not come anywhere close to what is offered on the wide web. Alternatively, they can be used to learn about the game and the features it comes with as well as the strategies that work best.