político wrote: US
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China rejects EU’s trade deficit complaint
It makes no sense for the bloc to impose restrictions on high-tech exports and then complain about the trade deficit, says Beijing.
The EU bears responsibility for the trade imbalance as it's stopped businesses from exporting to China, Foreign Ministry spokesperson Wang Wenbin said | Greg Baker/AFP via Getty Images
BY STUART LAU
DECEMBER 6, 2023 12:31 PM CET
2 MINUTES READ
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BRUSSELS — Beijing has rebuffed a complaint by European Commission President Ursula von der Leyen over the EU's trade deficit against China, a day before her summit meeting with Chinese President Xi Jinping.
The EU bears responsibility for the trade imbalance as it's stopped businesses from exporting to China, Foreign Ministry spokesperson Wang Wenbin said on Wednesday, responding to von der Leyen's call on China to open up access to its market.
"If the EU on the one hand imposes harsh restrictions on high-tech exports, and on the other hopes to sharply increase exports to China, that I'm afraid doesn't make sense," Wang told a regular press conference.
https://www.politico.eu/article/china-r ... complaint/
I am curious about the EU messaging here. Do they expect that the export of random luxury goods - chocolates, wines and hams - would be enough to cover the trade deficit?