Chinese President Xi Jinping met with President Michel and President von der Leyen of the EU = European Union in Beijing on the 7th, stating that "the economies of China and Europe are highly complementary" and emphasized the desire to deepen cooperation in the economic field.
According to the Chinese Ministry of Foreign Affairs, President Xi Jinping emphasized that he would like to "continue to promote joint construction with the EU" on the Belt and Road Initiative, a mega-economic zone initiative.
He also emphasized his desire to deepen cooperation in the economic field, saying, "We should not see each other as rivals because of differences in systems and opinions, and we should not compete with each other, and the economies of China and Europe have a highly complementary relationship."
In response, EU President von der Leyen said, "China is the most important trading partner, but there are clear imbalances and differences," and expressed his recognition that trade imbalances due to the widening trade deficit with China are an issue.
The EU has set up "derisking" to reduce the risk of dependence while maintaining economic relations with China.
In addition, regarding the "Belt and Road", Italy officially informed the Chinese side that it will withdraw, and the EU is investigating the price of Chinese-made EVs = electric vehicles as subsidies are suppressed.