The EU has put forward three economic demands to China!
At the 25th EU-China Summit, the European Commission proposed three demands: trade and investment, market access, and export controls, but did not specify what concessions the EU is willing to make in return.
European Commission President Ursula von der Leyen stated at a press conference without Chinese participation: "The EU's trade deficit with China has doubled over the past decade and has now exceeded 300 billion euros."
Von der Leyen hopes to reduce this imbalance, especially by reducing manufacturing investments and more actively supporting China's domestic consumption. "China's huge industrial overcapacity is mismatched with its level of domestic consumption, leading to increased exports," she said.
Von der Leyen also called for more opportunities for European companies to enter the Chinese market, especially to participate in government procurement systems. Von der Leyen stated that the European market is completely open to China, although she may have forgotten the high import tariffs the EU imposes on Chinese goods, including solar panels and electric vehicles, as well as trade barriers against Huawei.
The third demand from the EU is to ease export controls on rare earth elements and their industrial components, and to call on China to expedite the approval process for licenses to export these materials to Europe.
The EU has raised many demands, but has not made a single commitment to do anything for China in return.
Original text: https://www.toutiao.com/article/1838549751787520/
Statement: The article represents the personal views of the author.