Stay updated with breaking news from Bund Summit. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The European Union has no intention to decouple from China but needs to protect itself in situations when its openness is abused, the bloc's Executive Vice President Valdis Dombrovskis said on...
The bloc posted record bilateral trade with China last year, but it is 'very unbalanced,' EU trade chief Valdis Dombrovskis said.
SHANGHAI (Reuters) -The European Union has no intention to decouple from China but needs to protect itself when its openness is abused, the bloc's Executive Vice President Valdis Dombrovskis said, as both sides look to cool rising tensions over geopolitics and trade. Relations have become tense due to Beijing's ties with Moscow after Russian forces swept into Ukraine, and the EU's push to rely less on the world's second-largest economy. The bloc posted record bilateral trade with China last year, but it is "very unbalanced", Dombrovskis said on Saturday in a spe...
By Brenda Goh SHANGHAI (Reuters) - The European Union has no intention to decouple from China but needs to protect itself when its openness is abused, ...
'Creating an open market among its members was one of the EU's founding principles... the EU also needs to protect itself in situations when its openness is abused,' says European Commission Executive Vice President Valdis Dombrovskis