On the financial entrance, the connection between Europe and China will want rebalancing, de-risking and a diplomatic increase on the subject of local weather change and environmental points, Von der Leyen argued.
She began by complimenting China as nice world civilization that over the previous 50 years has develop into an ideal world energy.
However her reward rapidly gave approach to criticism, as she accused Beijing of working outdoors of worldwide guidelines and flooding world markets “with backed overcapacity — not simply to spice up its personal industries, however to choke worldwide competitors.”
China runs “the biggest commerce surplus within the historical past of mankind,” she went on to say, whereas European firms had been discovering it more durable to do enterprise on the Chinese language market the place they confronted systematic discrimination.
The rising limitations confronted by European firms in China embody requiring overseas firms to maintain localized workers; host analysis and improvement features; and maintain all IT knowledge within the nation, based on an EU Chamber of Commerce in China survey.
“I’ve all the time mentioned it: Europe is absolutely dedicated to result-oriented engagement with China,” von der Leyen mentioned, calling on Beijing to interact in a significant dialogue that results in precise change. “If our partnership is to go ahead, we want a real rebalancing.”
