China should finally buy more European goods, because otherwise the future of the continent is at stake.
Next week, EU Trade Commissioner Maros Sefcovic will travel to Beijing. He will demand concessions from China on trade, almost as an ultimatum. But how will he enforce this demand?
EU Trade Commissioner Maros Sefcovic will visit Beijing on October 8, seeking concessions from China on trade. He is under pressure from EU member states to address the bloc's large trade deficit with China, which stands at €1 billion per day. Sefcovic wants China to sell fewer products to Europe and open its own market more, but faces significant challenges in achieving this goal.
China has warned of a "decisive response" if the EU restricts market access for Chinese products, while also being reliant on the EU as a sales market. The EU has limited leverage to force concessions from China, with some suggesting that the EU should require Chinese companies to prove they are not receiving subsidies.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
