On "woke" politics and the deterioration in Western-Chinese relations...
On the CAI and complaints over perceived US hijacking of the investment deal
"When the United States competes with China and Russia, it needs Europe to be its sidekick, so the Americans have mobilized their own network of relationships."
On strategic autonomy...
"They talk about strategic autonomy only when a non-white*-left president, Donald Trump, is in the White House"
This term white-left keeps popping up on translate, referring to "woke left liberals" it seems
On Tibet
"I have seen in Lhasa and other parts of Tibet that the Chinese government invests heavily in improving people's lives and preserving local traditional culture."
On whether Chinese and Western cultures need to "reconcile".
"I know that you are studying the theory of the great German jurist Karl Schmidt. In my opinion, studying his point of view will lead you to the correct conclusion"
The Chinese mission to the EU shared this interview on their weekly newsletter.
Would have to feel a little worried for whoever spelled Xi Jinping's name wrong in the same edition
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Munich was left stunned by the words and deeds of Vance, Kellogg and others
The VP told Europe to forget Russia and China, the real enemy was the threat from within.
He told them to drop the firewall against far-right parties, then met the leader of the AfD
Over lunch yesterday, meanwhile, Kellogg stoked further despair by saying Europe would not be included in peace talks, even as European boots would be expected on the ground in Ukraine.
Europe getting a raw deal from its supposed closest ally
BREAKING: EU finds discrimination in China's medical devices sector, concluding first probe under international procurement instrument
Brussels wants talks with Beijing, but could ban Chinese bidders from EU government contracts
Probe launched in April 2024. IPI investigations must complete in 9 months, so nothing political about the timing
Report published today found “clear evidence of China limiting access of EU medical devices producers to its government contracts in unfair and discriminatory way”.
Story: EU probe finds ‘unfair’ limits in China’s medical device market, adding to trade rift
🚨New Chinese data this morning shows overall trade with the EU grew just 0.4% in 2024
Chinese exports to the EU up 3% vs 2023
Chinese imports from the EU down 4.4%
China's annual imports from:
Germany -10.7%
Netherlands +11.2% (ASML chip making kit)
France -5.9%
Italy -3.2%
According to my calculations based on last year's numbers, the EU trade deficit with China is now US$247.1bn, up from US$219.5 billion last year
That's close to €300bn (€293.8bn) and is up 12.58% from 2023.
This will help fuel more talk of Chinese overcapacity
According to Soapbox newsletter, "roughly 2% of the drop in import prices can be linked to the EURO/yuan exchange rate, though this is likely offset by higher freight costs in 2024 compared to 2023."
New: EU plans for talks with Trump’s team as it seeks to head off a major economic shock
They seek to avoid tariffs and ensure US support for Ukraine. They've already been told what Trump would expect in return: EU backing for his tough agenda on China.
The China demand was made clear during pre-election talks with Republican interlocutors, according to people familiar with the talks.
It's likely to be just one item on a laundry list from a man who showed disdain for EU institutions during his first stint in the White House.
For more than a year, the European Commission has been working to “Trump-proof” the bloc. The broad plans were discussed at a meeting of ambassadors on Wednesday.
According to several people present, the atmosphere was subdued, even if few were surprised by the election result
Ahead of the vote on EV duties earlier this month, several EU members were called on by American diplomats.
The msg was simple: if you vote against these duties and Trump wins in November, the EU would have no credibility to make a deal with Trump that might involve China policy
That US diplomats were lobbying EU to take a tougher stance on China should be no surprise.
But what may raise a few eyebrows is the fact that they were asked to intervene by the European Commission, which had proposed tariffs – but which was feeling the squeeze from Beijing
The chamber expects EU duties on Chinese EVs this summer, and China to respond
“Based on historical precedence, I fear there will be retaliation."
Asked if he was confident a trade war could be averted: “I really wish I could give you an emphatic yes. And I don’t think I can."
Eskelund on the brave new world in Brussels: “What is new is that we have a commission that clearly is not in the mood to back down without getting something in return. And China needs also to adapt to a situation where Europe has a willingness to follow through.”