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#EU-#China trade in new electric vehicles. Торговля между ЕС и Китаем новыми электромобилями. KolgotA • Crypto • Economy • Statistics

🇪🇺🇨🇳EU Develops New Trade Tool Targeting Chinese Overcapacity The European Commission is consulting EU industry groups on a new trade instrument aimed at countering Chinese industrial overcapacity. The tool's details remain undisclosed, but it is scheduled to be presented to Commission President Ursula von der Leyen on May 29, ahead of a formal summer proposal. The move reflects Brussels' push to build a broader defensive trade architecture beyond existing anti-dumping and countervailing duty mechanisms. It comes as EU-China trade tensions remain elevated, with prior actions taken on EVs, solar panels, and steel — sectors where Chinese state-backed overproduction has undercut European manufacturers. Industry consultation at this stage signals the Commission is seeking political cover before formal publication, with the instrument's legal basis and scope still being shaped. #EU#China @asianomics

🇪🇺🇨🇳EU strips AI, chips and quantum from industrial plan aimed at countering China The European Union’s ambitious industrial policy to challenge China has been gutted, removing AI, semiconductors and quantum computing from a list of strategic technologies that must be “made in Europe” to tap billions in government funds. Biotechnology and robotics are other cutting-edge sectors to be cut from the Industrial Accelerator Act (IAA) ahead of the proposal’s formal unveiling by the European Commission on Wednesday, a leaked draft showed. While China is directly referred to only twice in 93 pages of legislation and annexes, the act is seen as a crucial prong of Brussels’ efforts to de-risk from the Asian giant. It aims to reduce EU dependence on China by mandating local content rules for strategic sectors such as electric vehicles and solar for public procurement and state support schemes, meaning a high proportion of qualifying products should be made in Europe. #EU#China @asianomics

🇨🇳🇪🇺 China angered at EU 'challenging' UN resolution that led to Taiwan leaving global body China called on the European Union on Tuesday not to "challenge" a 1971 UN resolution that led to Beijing assuming China's seat in the organization from Taipei. The EU said the resolution was about switching representation and did not mention Taiwan. China's Foreign Ministry said the EU remarks were a "distortion" of the resolution. "We urge the EU side to strictly abide by the 'One China' principle and its promises on the Taiwan issue, not challenge U.N. Resolution 2758 and not send any wrong signals to Taiwan independence separatist forces," it said. #China#EU @asianomics

🇪🇺🇨🇳EU, China parliaments aim to hold their first talks in 7 years on October 16 The first official meeting between the European Parliament and China’s National People’s Congress for seven years is slated for October 16, confirming a continued thaw in relations between the two chambers. The meeting has been in the works for months since the sides moved to lift restrictions on each other, but it was confirmed by the European Conference of Presidents last week, with invitations to be sent from Brussels imminently. The agenda is also pending confirmation, with German lawmaker Engin Eroglu set to lead talks on the European side. It is expected that this meeting will set in motion a biannual exchange, with MEPs set to travel to Beijing in May 2026 for a return leg. The meeting will cap a remarkable turnaround in relations between the two chambers, which until last year were at loggerheads in line with a general deterioration in ties between the EU and China. #EU#China @asianomics

🇪🇺🇨🇳EU firms brace for more shutdowns due to China rare earth controls European firms are expecting more shutdowns and suffering losses as Beijing continues to hold a tight grip on rare earth exports despite a July agreement to fast-track shipments to the bloc, the European Union Chamber of Commerce in China said. "Irrespective of the agreements and commitments reached at the EU-China summit on the 24th of July, we continue to see significant bottlenecks for our members," Jens Eskelund, the chamber's president, told reporters. Automakers in Europe and elsewhere faced production delays and widespread shutdowns after Beijing introduced export controls on some rare earths and related magnets following tariffs announced by US President Donald Trump. #EU#China @asianomics

🇨🇳🇪🇺 China's Xi calls for 'proper handling of frictions' at tense summit with EU officials Chinese President Xi Jinping urged top European Union officials on Thursday to "properly handle differences and frictions" as he criticized Brussels's recent trade actions against Beijing at a tense summit dominated by concerns on trade and the Ukraine war. "The current challenges facing Europe do not come from China," Xi told visiting European Commission President Ursula von der Leyen and European Council President Antonio Costa, state news agency Xinhua said. During the meeting in Beijing's Great Hall of the People, von der Leyen told Xi, "As our cooperation has deepened, so have imbalances," according to a pool report. "We have reached an inflection point," she added, urging China to "come forward with real solutions". #China#EU @asianomics

🇪🇺🇨🇳 Airbus signs fresh deal with Chinese partner amid talk of massive China order Airbus has signed a new cooperation deal with its Chinese partner that will see the company localize more production of its A321 jet in China, with the announcement coming just a week ahead of a key China-Europe leaders’ summit. The European aviation giant will work with its partner AVIC Xi’an Aircraft Industry Group to start fuselage equipping – installing components onto the front and rear parts of an aircraft – for the A321 at its factory in Tianjin under the agreement. “It has expanded the scope of cooperation between both parties in the manufacturing of Airbus single-aisle aircraft, and is also an important measure by Airbus to continuously implement its localization strategy,” George Xu, CEO of Airbus China, told state media outlet Xinhua News on Tuesday. “China’s supply chain is an indispensable part of the global aviation industry, showing strong resilience and competitiveness,” he said. #EU#China @asianomics

🇨🇳🇪🇺 China retaliates to EU ban with import restrictions on medical devices China's finance ministry said on Sunday it was restricting government purchases of medical devices from the European Union that exceed $6.3 million in value, in retaliation to Brussels' own curbs last month. The European Union said last month it was barring Chinese companies from participating in EU public tenders for medical devices worth $70 billion or more per year after concluding that EU firms were not given fair access in China. "Regrettably, despite China's goodwill and sincerity, the EU has insisted on going its own way, taking restrictive measures and building new protectionist barriers," China's commerce ministry said in a separate statement on Sunday. #China#EU @asianomics

🇨🇳🇪🇺China's foreign minister dismisses European worries over rare earths China's foreign minister downplayed European worries over rare earth exports restrictions on Thursday, saying it was standard practice to control dual-use goods exports but that Europe's needs could be met if applications were submitted. Wang Yi was speaking in Berlin during a joint news conference with his German counterpart, on the second leg of a European tour seeking to lay the groundwork for a summit between EU and Chinese leaders later this month. "Rare earths have not been, are not, and will not be a problem between China and Europe, or between China and Germany," Wang said. "If legal applications are submitted, Europe’s and Germany’s normal needs can be met." #China#EU @asianomics

🇪🇺🇨🇳 EU bars Chinese firms from most medical device tenders The EuropeanUnion will bar Chinese companies from participating in EU public tenders for medical devices worth 60 billion euros or more per year after concluding that EU companies are not given fair access in China. The measure announced by the European Commission on Friday is the first under the EU's International Procurement Instrument, which entered into force in 2022 and is designed to ensure reciprocal market access. The new restrictions are likely to increase tensions with Beijing inflamed by EU tariffs on China-built electric vehicles, Chinese measures against EU brandy and curbs on exports of rare earths that the EU wants resolved by an EU-China summit in July. #EU#China @asianomics

🇨🇳🇪🇺EU industry could grind to a halt over China’s rare earth restrictions Chinese government restrictions on the export of rare earth elements have forced some European companies to halt production using the highly sought-after minerals essential for making smartphones and electric vehicles. The measures announced by Beijing on April 4 were seen as retaliation against US President Donald Trump’s “reciprocal tariffs”, but European industry now warns it is being caught in the crossfire. The EU Chamber of Commerce in China has held several meetings with China’s Ministry of Commerce, its secretary general Adam Dunnett said, and senses Beijing is overwhelmed with applications to export the minerals vital for many hi-tech goods. “Thousands of applications need to be reviewed but the ministry’s resources are limited. We’ve seen a sprinkling of approvals in the last week, but some companies have lodged dozens of applications … some have had to stop production,” Dunnett, also vice-chair of the European Business Organisation, told journalists in Brussels. #China#EU @asianomics