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German President Steinmeier Criticizes Imbalanced China-EU Economic Relations in Speech at Peking University

10.29 ·Reported ·Importance IV ·Sources 1 ·Beijing

On October 29, German President Steinmeier, visiting China at the invitation of Xi Jinping, delivered a speech at Peking University. He stated that China's pursuit of economic autonomy should not come at the cost of increasing the dependency of other countries, and pointed out that European companies face restrictions in the Chinese market while the European market receives a large volume of subsidized Chinese products.

China Warns the EU Not to Trade Concessions for Pressure

10.17 ·Verified ·Importance III ·Sources 1

According to Radio France Internationale, in response to the EU preparing to launch a new trade defense instrument, Chinese officials issued a warning, making clear that the European side cannot fantasize about exchanging pressure for benefits.

Germany Pushes EU to Impose Broader Quotas on Chinese Imports

10.15 ·Developing ·Importance III ·Sources 1

Germany is pushing the EU to propose safeguard measures by the end of the year to impose quotas on Chinese imports of chemical products, machinery, and potentially pharmaceuticals, in addition to planned quotas on Chinese hybrid vehicles.

EU Plans to Expand Critical Minerals Cooperation with Vietnam

10.15 ·Verified ·Importance III ·Sources 1

According to Radio France Internationale (RFI), in light of the European Union's concerns about potential risks in China's supply chain, the EU plans to further expand cooperation with Vietnam in the field of critical minerals in order to enhance the security and diversification of supply chains.

EU Reaches Consensus on a Tougher Trade Stance Toward China

10.15 ·Verified ·Importance III ·Sources 1

According to a report by the South China Morning Post, after successfully pressing China to cap its exports of hybrid vehicles to Europe at 350,000 units per year, EU member states are emboldened and have now reached a consensus on adopting a tougher trade stance toward China, preparing to speed up a series of follow-up unilateral actions.

EU Assesses Chemical and Machinery Import Data and Considers Quota Restrictions

10.15 ·Reported ·Importance III ·Sources 2 ·布鲁塞尔

On October 15, sources revealed that the European Commission has begun assessing import data for the chemicals, machinery and other industries, and von der Leyen proposed at the summit that safeguard and quota measures be taken to protect the relevant industries.

EU Plans to Lift Sanctions on a Chinese Firm Linked to Russia in Exchange for China Lifting Its Ban on a Key ASML Supplier

10.14 ·Reported ·Importance IV ·Sources 1 ·Beijing

According to a Bloomberg report on October 14, the EU is negotiating with China to lift trade sanctions on a Chinese company suspected of assisting Russia's war against Ukraine, in exchange for China lifting sanctions on the German company Sindlhauser Materials GmbH. The German firm faces the risk of bankruptcy because it was placed on China's rare earth export control list; the two sides recently held talks in Beijing and agreed to strengthen information sharing on export restrictions.

EU Seeks Cooperation with Vietnam to Obtain Critical Minerals

10.14 ·Verified ·Importance III ·Sources 2

Internal EU documents show that Europe is seeking to strengthen cooperation with Vietnam to obtain critical minerals such as tungsten and rare earths needed by the defense industry, and to reduce its dependence on Chinese supplies. Vietnam holds large reserves of relevant minerals. Export restrictions imposed by the Chinese government last year have already hit European supply chains, and Europe, while expanding its armaments, is unwilling to keep the supply of critical raw materials in China's hands.

China and EU Reach Understanding on Restricting Chinese Hybrid Vehicle Exports to Europe

10.09 ·Reported ·Importance IV ·Sources 3 ·Beijing

On October 9, EU Trade Commissioner Sefcovič announced after meeting with Chinese Commerce Minister Wang Wentao in Beijing that the two sides had reached an understanding on limiting exports of Chinese hybrid and plug-in hybrid vehicles to Europe, which could cut export volumes by more than half.

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