China draws ‘red lines’ around its economic model ahead of EU and U.S. trade talks
The West frames China's policies as mercantilist and opposing global trade rules, saying its priority for producers over households pushes cheaper goods into global markets.
China is staunchly defending its economic approach that prioritizes advanced industries over consumption, signaling growing confidence as high-stakes trade negotiations with Europe and the United States loom. Chinese President Xi Jinping and U.S. President Donald Trump are slated to engage in more face-to-face meetings this year.
Meanwhile, the European Union has set an October deadline for Beijing to resolve disputes, as concerns mount over China's trade surplus exceeding a trillion dollars. Western nations label China's policies as mercantilist and unaligned with global trade rules, arguing that its emphasis on producers over consumers leads to cheaper goods flooding international markets, stifling economic growth in countries pursuing a more balanced trajectory.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
