Finbarr Bermingham Profile picture
Jul 3 13 tweets 2 min read Read on X
EXCLUSIVE

Wang Yi told Kaja Kallas that China cannot afford for Russia to lose the war in Ukraine, otherwise the US will divert its full focus to Beijing

scmp.com/news/china/dip…
The comment during yesterday's talks in Brussels confirms what many believe to be Beijing’s position on the war but jars with China’s public utterances.
There is some surprise by the frankness of Wang’s remarks.

They came during a marathon four-hour debate on the full gambit of geopolitical and commercial grievances, and dined on stuffed chicken, sweet potato mousse and cheesecake.
Wang was said to have given Kallas - the ex-Estonian prime minister who only late last year took up her role as the bloc’s de facto foreign affairs chief - several history lessons and lectures
Some felt he was giving her a lesson in realpolitik, part of which focused on Beijing’s belief that Washington will soon turn its full attention eastward
One interpretation of Wang’s statement is that while China did not ask for the war, its prolongation may suit Beijing’s strategic needs, so long as the US remains engaged in Ukraine.
Wang rejected the accusation that China was materially supporting Russia’s war effort, financially or militarily, insisting that if it was doing so, the conflict would have ended long ago.
The view in Brussels is that the gruelling encounter- does not bode well for the summit on July 24 and 25 in Beijing and Anhui province.

The main hope for concrete deliverables is on the climate front.
The tone of Wednesday’s dialogue was said to be respectful, if tense.

Nonetheless, some insiders were surprised by the harshness of Wang’s message, just three weeks out from an important leaders summit in China. Any appearance of a charm offensive is seen to have evaporated.
Wang even told Kallas the two-day summit itself could be truncated - in a hint that Beijing is not happy with how the EU is positioning itself ahead of the event.
The bloc is set to blacklist two small Chinese banks for flouting its sanctions on Russia, in its 18th package of measures against Moscow, which is awaiting final approval from its 27 member states.

Wang repeatedly vowed to retaliate if the lenders are ultimately listed.
On rare earths, they got no reassurances from Wang that a structural end to the crisis was in the works.

Wang said Beijing has reduced processing time for licenses from nearly six weeks to three, and that individual companies can always raise their complaints with the govt
The EU feels it has been unfairly caught in the crossfire of a US-China tech war and there is some surprise that Wang was not more forthcoming with a solution.

One source described his position on the matter as “dismissive”.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Finbarr Bermingham

Finbarr Bermingham Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @fbermingham

Jul 2
Xi is *this* close to saying "overcapacity". On the tip of his tongue!

China needs to “lawfully regulate enterprises’ disorderly low-price competition, guide companies to improve product quality, promote the orderly exit of outdated production capacity”

scmp.com/economy/china-…
In addressing the price wars plaguing many industries in China, the country’s top leadership has resorted to a phrase rarely seen at a high-level meeting, saying that enterprises’ “disorderly low-price competition” needs to be regulated.
Speaking at a top-level economic meeting on Tuesday, President Xi Jinping used that phrase to explicitly characterise the much-debated phenomenon, in stark contrast to officials who have, since late last year, favoured the vaguer term “involutionary competition”
Read 4 tweets
Jun 23
NEW: Some bonkers numbers in China's May customs data.

Detailed figures came out Fri when I was off, so took a deep dive today

First big picture EU stuff:

China's EU exports up 12%
China's EU imports down 2.37%

There is a 22% increase in the EU's China deficit in May alone
Earlier in the month we saw some big jumps in China's exports to the big EU markets

China's exports to Germany up 21.5%
China's exports to France up 24.1%
China's exports to Netherlands up 7.1%

But I did the sums for the 27 and it is pretty mad...

Image
In May, China's exports to:

Estonia up 79.4%
Cyprus up 70.5%
Bulgaria up 46.7%
Hungary up 42%
Denmark up 38.5%
Latvia up 38.3%
Lithuania up 26.1%
Sweden up 20.4%
Lux up 19.6%
Slovakia up 18.2%
Austria up 16.2%
Ireland up 15.6%
Finland up 14.8%
Poland up 12.7%
Spain up 9.7% Image
Read 14 tweets
Jun 9
New Chinese trade data out today for May might deepen anxiety over trade diversion in Europe.

China's exports to the US down 34.52%
China's exports to the EU up 12%
China's exports to Germany up 21.5%
China's exports to France up 24.1%
China's exports to Netherlands up 7.1% Image
This is an extension of the theme noticed in April despite the Geneva deal that lowered US-China tariffs

Last week the commission published the first results of its trade diversion monitoring exercise, which suggested some rerouting on things like steel, robotics, LEDs.

Read 6 tweets
May 26
NEW: ‘There are limits’: the problems with China’s efforts to patch things up with Europe

Trump has handed Europe to China on a plate, but Beijing's charm offensive has left the EU cold.

A long read from me.

Illustration by Lau Ka-kuen

scmp.com/news/china/dip…
There have been many signs of a messy divorce between Europe and the US since Trump’s return, but one of the most stark arrived earlier this month.

A survey of more than 100,000 people found that in Europe, net perceptions of China have overtaken those of the US.
Only in Poland, Hungary, Lithuania is the US more popular than China, according to @AoDemocracies a Danish NGO that was, ironically, sanctioned by Beijing in 2021 for “severely harming China’s sovereignty and interests and maliciously spreading lies and disinformation”.
Read 42 tweets
May 9
China's trade data for April came out this morning.

Have just had the chance to do some sums based on last April's numbers, and for Europe it is an absolute bloodbath.

EU exports to China are down by huge numbers, while China's exports to EU members keep surging

🧵 Image
Monthly figures April 2025 vs April 2024

China's EU imports: -16.46%
China's German imports: -12.2%
China's French imports: -12.9%
China's Dutch imports: - 22.9%
China's Italian imports: -17.66%
China's EU exports: +8.3%
China's German exports: +20.44%
China's French exports: +2.8%
China's Dutch exports: +5.28%
China's Italian imports: +4.97%
Read 6 tweets
Apr 23
Zelensky: Chinese citizens were working at a drone production site in Russia, suggests Moscow may have “stolen” drone technology from China.

Comments come days after he said China was supplying weapons and gunpowder to Russia

scmp.com/news/world/rus…
Ukraine’s foreign ministry said it had summoned Chinese Ambassador Ma Shengkun and expressed Ukraine’s “serious concerns” over Chinese involvement in the war.
More from Zelensky:

“Based on our information, it is possible that Russia has stolen these technologies in coordination with these citizens and without agreements with the Chinese leadership”

kyivpost.com/post/51268
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(