European Trade Commissioner visits China for trade talks
European Union Trade Commissioner Maroš Šefčovič concluded his visit to China in October, with the aim of exploring ways to readjust the trade relationship between the two sides. The visit comes amid growing European concern over the persistent trade deficit, which amounts to nearly one billion euros daily, caused by unfair trading practices from China, and Brussels' emphasis on the importance of addressing these trade imbalances. The European Commission President warned that the deficit has reached a “critical turning point” and cautioned against the use of available tools to protect European industries. This comes amid Beijing’s calls to avoid escalating the trade dispute, affirming that European criticisms are aimed at restricting China's economic growth.
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