The Chinese mainland's Commerce Minister Wang Wentao has extended an olive branch to the European Union, expressing openness to dialogue in order to resolve ongoing trade frictions. Speaking at a recent meeting with Chinese-funded enterprises in Barcelona, Spain, on Saturday, Wang emphasized the Chinese mainland's commitment to defending the legitimate interests of its companies.
The comments come in the wake of the EU's intensified scrutiny of various Chinese products, including electric vehicles, railway locomotives, and equipment used in photovoltaics, wind power generation, security inspections, and healthcare sectors. This move by the EU has heightened tensions between the two economic powerhouses, prompting the Chinese mainland's call for constructive discussions to address and alleviate these trade challenges.
Wang's outreach signals a willingness to engage in meaningful conversations aimed at fostering a more stable and cooperative trade environment between the Chinese mainland and the European Union. As global markets evolve, such dialogues are crucial in maintaining balanced and fair trade practices that benefit both sides.
Reference(s):
cgtn.com
