China Pushes Back Against EU Criticism of Trade Imbalance
One day after European Commission President Ursula von der Leyen told AFP that the bloc won't "tolerate" a trade imbalance with China, a Chinese Foreign Ministry spokesperson said China has never sought a trade surplus with Europe and pushed back on the notion that the trading relationship has hurt the EU.
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"Although China appears to have the trade surplus, in fact, the EU has reaped considerable profits," the spokesperson said, adding that China "is a reliable and indispensable partner for the EU." The spokesperson also said the EU shouldn't expect to increase exports to China while also setting export restrictions on high-tech products destined to the country.