The EU’s trade policy is to be “open, sustainable and assertive” in the coming years. That China, the EU’s largest partner, plays a prominent role in the reorientation of Brussels’ trade strategy also became clear at yesterday’s presentation – because Trade Commissioner Valdis Dombrovskis gave relations with Beijing three additional desired characteristics: trade relations must […]
Lithuania has blocked the procurement of baggage scanners from the Chinese state-owned company Nuctech for its airports. The background to the decision was that the deal was not in line with the interests of national security, the Baltic news agency BNS reported, citing the spokeswoman for the Lithuanian head of government Ingrida Simonyte. Nuctech had […]
The Chinese smartphone and electronics manufacturer Xiaomi wants to expand its European business. Germany plays a central role: “We will establish our European headquarters in Dusseldorf,” said Xiaomi Germany Head Alan Chen Li in an interview with the Handelsblatt. According to the manager, several hundred employees will work there in areas such as logistics, finance, […]
Given the significant challenges, not least those posed by the coronavirus pandemic, it is more than necessary to rethink our trade policy strategy. Because it is quite clear that the old idea of trade policy as the grease of economic development is long outdated. The same goes for the David Ricardo approach, that all you […]
It is to become an “economy at the service of people” – the European Union wants to turn its trade policy upside down, the EU Commission announced last June. Eight months later, Trade Commissioner Valdis Dombrovskis will present the review results tomorrow, Thursday. According to the Brussels-based authority, the reorientation is intended to set “a […]
Last year, China overtook the USA as the European Union’s most important trading partner for the first time. The volume of trade with the People’s Republic amounted to €586 billion in 2020, as the EU statistics agency Eurostat announced yesterday – with the US it was €555 billion. Accordingly, trade with China increased again last […]
On Wednesday and Thursday this week, NATO’s defense ministers will meet for the first time in the new year for a virtual summit with Secretary General Jens Stoltenberg. He will make proposals for increased political coordination among the allies, Stoltenberg said yesterday in advance – a “more global approach to global challenges” is needed. “China […]
The EU has spoken out in the media battle between Beijing and London: In a statement, the European External Action Service (EEAS) condemned China’s decision to revoke the broadcasting license of the British television station BBC World News. This is the latest move by China to restrict freedom of expression and access to information within […]
State-owned energy company State Grid Corporation of China (SGCC) has filed a complaint with the European Commission after being barred from bidding for a stake in Greece’s utility Public Power Corporation (PPC) due to conflicts of interest, a Commission spokeswoman confirmed to China.Table. SGCC had been banned from bidding to buy a 49 percent stake […]
What the Year of the Ox will bring – a horoscopeTemple festivals have been canceled, as have New Year’s markets – China’s leadership has banned all events with large gatherings of people for the next few weeks for fear of new Covid outbreaks. No bustle, that’s the motto. According to popular wisdom, the New Year, […]
