EU Seeks Balanced China Relationship 03/22 06:12
BRUSSELS (AP) -- European Union leaders worried about China's growing power
are devising plans to counter the ambitions of a country they describe as a
The European Council will discuss on Friday a 10-point strategy set out by
the European Commission before an EU-China summit next month.
The EU wants to "fully address the distortive effects of foreign state
ownership" and "achieve a more balanced and reciprocal economic relationship."
China is the EU's second-biggest trading partner behind the U.S. while China
is the EU's second largest partner. The trade in goods between the two is worth
around 1.1 billion a day, but the balance is largely in China's favor.
Chinese President Xi Jinping is currently in Italy and will travel to France
next week as part of a European tour.