Trade relations: EU Chamber of Commerce sees change in thinking in trade with China achieved
China has long spoken of "win-win" in trade with other countries. But the EU Chamber of Commerce in Beijing sees the benefits only on one side - and is expressing concerns about further developments.
The European Chamber of Commerce has expressed concerns about the growing imbalance in trade with China, with President Jens Eskelund stating that the current situation raises fundamental questions about the benefits of trade. China's trade surplus with Europe is estimated to be around €1 billion per day, and the chamber is calling for a more balanced and stable trade relationship.
The chamber's position paper, which includes 1,096 recommendations, notes that the EU and China share similar security concerns and suggests that a "healthy balance" between economic security and openness could improve the development of both economies. The chamber also identifies the problem of "zombie companies" in China, which are kept alive by local governments despite being economically unviable.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
