China responds to EU accusations: Sino-EU economic and trade relations should be based on equality and mutual trust

We have officially responded to the EU! The Chinese position is clear and firm! After Ursula von der Leyen claimed that China "distorts trade" and restricts access for European companies, stating that to promote the development of Sino-EU relations, it is necessary to "rebalance" the economic relationship with China and ease market access for European companies, on July 9, our Foreign Ministry spokesperson made a clear response.

Our Foreign Ministry spokesperson stated that the market economy rules should be respected, and no forced buying or selling should take place. China is willing to expand imports of high-quality products that are in demand from Europe, and hopes that the EU will relax export restrictions on high-tech products to China. We hope that the EU realizes that what needs to be rebalanced now is the EU's mindset, not the Sino-EU economic and trade relations. Obviously, our response to Europe clearly states our position. First, Sino-EU business cannot involve forced buying or selling. Our meaning is that in Sino-EU trade relations, we can only purchase the products we need. Europe should have the most basic common sense. Forced balancing of the trade deficit is not feasible.

Second, Europe should no longer continue to impose export restrictions on China. Why don't Europeans sell the products we want? Europe must have an explanation. Third, we require the EU to balance its mindset toward us. This tells Europe that they should calmly accept the fact that our manufacturing competitiveness is increasingly strong. In fact, the main reason for the expansion of the Sino-EU trade deficit is because of our growing competitiveness, isn't it?

The market has always been open to Europe, but whether European companies can thrive depends mainly on their own competitiveness. Frankly speaking, the current mindset of Europe toward us is indeed unbalanced. Deep down, Europe cannot accept the fact that we have made great progress in development, so they still look at us with old eyes. However, this kind of perception is obviously outdated. In fact, only when Europe has an objective understanding of our development can they better deal with us. Europe's mindset also needs to change.

Original article: https://www.toutiao.com/article/1837157331949577/

Statement: This article represents the views of the author.