Latest news with #25thChina-EUSummit
Barnama
3 days ago
- Business
- Barnama
CGTN Highlights President Xi's Call For Stronger China-EU Ties At Landmark 25th Summit
BUSINESS KUALA LUMPUR, July 28 (Bernama) -- Chinese President Xi Jinping met with European Union (EU) leaders at the 25th China-EU Summit in Beijing, marking 50 years of diplomatic relations and calling for deeper cooperation in trade, investment, and global governance. As reported by China Global Television Network Corporation (CGTN), the summit emphasised China's push for multilateralism, economic openness, and mutual respect as the guiding principles for future China-EU relations. During a meeting at the Great Hall of the People in Beijing recently, President Xi told European Council President Antonio Costa and European Commission President Ursula von der Leyen that China-EU relations have entered a critical historical juncture. Xi said there are no fundamental conflicts of interest or geopolitical contradictions between the two sides, stressing that cooperation remains the dominant feature of bilateral ties, according to CGTN in a statement. He proposed that both parties uphold mutual respect, pursue openness and cooperation while managing differences, and jointly safeguard multilateralism and the international rules-based order. Xi said the China-EU economic relationship is naturally complementary and mutually beneficial and highlighted the importance of deepening partnerships in green and digital sectors. According to China's customs data, trade between China and the EU reached US$785.8 billion in 2024, a 300-fold increase compared to 1975, when relations were first established. (US$1=RM4.21) He also urged the EU to maintain an open market and refrain from restrictive trade measures to ensure a favourable business environment for Chinese enterprises in Europe, citing Chinese battery giant CALB's US$2.2 billion plant in Portugal—expected to create 1,800 jobs—as a model of productive bilateral investment. CGTN highlighted that both sides agreed to upgrade their export control dialogue mechanism, enhance communication, and ensure the stability of industrial and supply chains at the summit.
Toronto Star
5 days ago
- Business
- Toronto Star
CGTN: President Xi Jinping calls on China, EU to provide more stability, certainty for world
Chinese President Xi Jinping met with European Union leaders during their visit to Beijing for the 25th China-EU Summit on Thursday. CGTN published an article exploring China-EU relations in two-way trade and investment, emphasizing the need for both sides to embrace multilateralism, openness and cooperation to bring greater stability and certainty to the world. BEIJING, July 26, 2025 (GLOBE NEWSWIRE) — Fifty years ago, China-Europe trade was a trickle. Now, as the two sides mark half a century of ties, a single day's trade equals what they exchanged in the entire year when relations were first established.
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
CGTN: President Xi Jinping calls on China, EU to provide more stability, certainty for world
Chinese President Xi Jinping met with European Union leaders during their visit to Beijing for the 25th China-EU Summit on Thursday. CGTN published an article exploring China-EU relations in two-way trade and investment, emphasizing the need for both sides to embrace multilateralism, openness and cooperation to bring greater stability and certainty to the world. BEIJING, July 26, 2025 (GLOBE NEWSWIRE) — Fifty years ago, China-Europe trade was a trickle. Now, as the two sides mark half a century of ties, a single day's trade equals what they exchanged in the entire year when relations were first established. Noting that this year marks the 50th anniversary of diplomatic ties between China and the European Union, Chinese President Xi Jinping said on Thursday that China-EU relations have come to another critical juncture in history. There are no fundamental conflicts of interest or geopolitical contradictions between China and the EU, Xi told European Council President Antonio Costa and European Commission President Ursula von der Leyen at the Great Hall of the People in Beijing. 'The current challenges facing the EU do not come from China,' he said, adding that the fundamentals and prevailing trend of China-EU relations featuring cooperation over competition and consensus over differences have remained constant. Xi put forward three proposals for the future of China-EU relations: both sides should uphold mutual respect and consolidate the positioning of their relations as partnership, embrace openness and cooperation while properly managing differences and frictions, and practice multilateralism and uphold international rules and order. Trade and investment At Thursday's meeting, the Chinese president said the China-EU economic and trade relationship is by nature complementary and mutually beneficial and can indeed achieve dynamic equilibrium through development. China's high-quality development and opening up will provide new opportunities and potentials for China-EU cooperation, Xi noted, calling on both sides to strengthen green and digital partnership and boost mutual investment and cooperation. In 2024, trade between China and the EU soared to $785.8 billion, an increase of over 300 times compared to when diplomatic relations began in 1975, according to China's customs authorities. Two-way investment flows have also shown sustained growth in recent years, indicating a positive trend. Chinese battery manufacturer CALB, for instance, is building a $2.2-billion plant in Sines, Portugal, expected to create 1,800 jobs. Xi expressed hope that the EU can remain open in the trade and investment market, refrain from using restrictive economic and trade tools, and foster a sound business environment for Chinese enterprises investing and operating in the EU. At the 25th China-EU summit on Thursday, both sides agreed to forge an 'upgraded version' of the China-EU export control dialogue mechanism, have timely communication on each other's concerns and jointly keep the industrial and supply chains between China and Europe stable and unimpeded. Multilateralism Xi said China has always viewed and developed China-EU relations from a strategic and long-term perspective, regarded the EU as an important pole in a multipolar world and consistently supported European integration and the strategic autonomy of the EU. China-EU relations are not targeted at, subjugated to, or controlled by any third party, he said, calling on both sides to deepen strategic communication, enhance understanding and mutual trust, and foster a correct perception of each other. Pascal Lamy, the former European commissioner for trade, told CGTN that despite differences, China and the EU share crucial common ground in defending multilateralism and cooperating on global challenges like climate change, biodiversity loss and ocean protection. Among the outcomes of Thursday's summit, leaders of China and the EU issued a joint statement on climate change, highlighting their shared commitment to addressing climate change and pursuing green development. Xi underscored the importance of China and the EU as constructive forces for multilateralism, openness and cooperation, and called on both sides to provide more stability and certainty to the world.
Business Upturn
5 days ago
- Business
- Business Upturn
CGTN: President Xi Jinping calls on China, EU to provide more stability, certainty for world
Chinese President Xi Jinping met with European Union leaders during their visit to Beijing for the 25th China-EU Summit on Thursday. CGTN published an article exploring China-EU relations in two-way trade and investment, emphasizing the need for both sides to embrace multilateralism, openness and cooperation to bring greater stability and certainty to the world. BEIJING, July 26, 2025 (GLOBE NEWSWIRE) — Fifty years ago, China-Europe trade was a trickle. Now, as the two sides mark half a century of ties, a single day's trade equals what they exchanged in the entire year when relations were first established. Noting that this year marks the 50th anniversary of diplomatic ties between China and the European Union, Chinese President Xi Jinping said on Thursday that China-EU relations have come to another critical juncture in history. There are no fundamental conflicts of interest or geopolitical contradictions between China and the EU, Xi told European Council President Antonio Costa and European Commission President Ursula von der Leyen at the Great Hall of the People in Beijing. 'The current challenges facing the EU do not come from China,' he said, adding that the fundamentals and prevailing trend of China-EU relations featuring cooperation over competition and consensus over differences have remained constant. Xi put forward three proposals for the future of China-EU relations: both sides should uphold mutual respect and consolidate the positioning of their relations as partnership, embrace openness and cooperation while properly managing differences and frictions, and practice multilateralism and uphold international rules and order. Trade and investment At Thursday's meeting, the Chinese president said the China-EU economic and trade relationship is by nature complementary and mutually beneficial and can indeed achieve dynamic equilibrium through development. China's high-quality development and opening up will provide new opportunities and potentials for China-EU cooperation, Xi noted, calling on both sides to strengthen green and digital partnership and boost mutual investment and cooperation. In 2024, trade between China and the EU soared to $785.8 billion, an increase of over 300 times compared to when diplomatic relations began in 1975, according to China's customs authorities. Two-way investment flows have also shown sustained growth in recent years, indicating a positive trend. Chinese battery manufacturer CALB, for instance, is building a $2.2-billion plant in Sines, Portugal, expected to create 1,800 jobs. Xi expressed hope that the EU can remain open in the trade and investment market, refrain from using restrictive economic and trade tools, and foster a sound business environment for Chinese enterprises investing and operating in the EU. At the 25th China-EU summit on Thursday, both sides agreed to forge an 'upgraded version' of the China-EU export control dialogue mechanism, have timely communication on each other's concerns and jointly keep the industrial and supply chains between China and Europe stable and unimpeded. Multilateralism Xi said China has always viewed and developed China-EU relations from a strategic and long-term perspective, regarded the EU as an important pole in a multipolar world and consistently supported European integration and the strategic autonomy of the EU. China-EU relations are not targeted at, subjugated to, or controlled by any third party, he said, calling on both sides to deepen strategic communication, enhance understanding and mutual trust, and foster a correct perception of each other. Pascal Lamy, the former European commissioner for trade, told CGTN that despite differences, China and the EU share crucial common ground in defending multilateralism and cooperating on global challenges like climate change, biodiversity loss and ocean protection. Among the outcomes of Thursday's summit, leaders of China and the EU issued a joint statement on climate change, highlighting their shared commitment to addressing climate change and pursuing green development. Xi underscored the importance of China and the EU as constructive forces for multilateralism, openness and cooperation, and called on both sides to provide more stability and certainty to the world. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Economic Times
6 days ago
- Business
- Economic Times
China-EU summit: Beijing, Brussels seal major deals amid Trump's trade tensions; Jolt to US?
At the 25th China-EU Summit held in Beijing, China and the European Union reached several key agreements on crucial global issues, including climate change and export controls. The summit also marked the 50th anniversary of diplomatic relations between the two global powers. Chinese Foreign Ministry spokesperson Guo Jiakun emphasised the significance of the agreements and reaffirmed the deepening of China-EU cooperation despite ongoing global trade tensions, particularly with the US. Show more 05:16 03:13 02:27 08:03 03:01 03:32 03:46 03:51 04:01 04:49 03:09 05:03 12:08 01:16 02:08 02:51 02:14 04:42 09:15 02:58 11:31 05:26 06:32 01:57 01:33 08:30 08:43 10:20 03:00 11:07 20:30
