The European Union’s trade commissioner has called for a more balanced relationship with China, noting a trade imbalance of nearly 400 billion euros ($425 billion).
a protectionist act aimed at distorting the supply chain. Dombrovskis, in his Tsinghua address, said it would follow well-established rules and be done in consultation with Chinese authorities and stakeholders.
He said that China has created a more politicized business environment to protect its national security and development interests, resulting in less transparency, unequal access to procurement, and discriminatory standards and security requirements. “Their ambiguity allows too much room for interpretation,” he said about the laws, adding they deter new investment in China.
The Chinese government has tried to remain neutral in the war in Ukraine rather than joining the United States and much of Europe in condemning the Russian invasion. Dombrovskis, who is Latvian, noted that territorial integrity has always been a key principle for China in international diplomacy.
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