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Beijing calls for EU trade dialogue
China has called on the European Union to avoid escalation in trade relations through dialogue and consultation, with Chinese Foreign Minister Wang Yi emphasizing the importance of not engaging in a trade war between the two sides. These statements come amid rising fears of a potential clash, especially as EU leaders are approaching a discussion on the trade deficit with China in a meeting scheduled for mid-next month. This meeting is expected to consider mechanisms to respond to Beijing’s trade practices after setting a deadline in October to make progress. Meanwhile, the President of the European Commission warned that the trade deficit is reaching critical levels, stressing the need to restore balance in the economic relations between the two parties.
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