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The Chinese Ministry of Commerce in Beijing, China. /VCG
The Chinese Ministry of Commerce in Beijing, China. /VCG
Editor's note: Jian Junbo is director of the Center for China-Europe Relations at Fudan University. The article reflects the author's opinions and not necessarily the views of CGTN.
China and the European Union (EU) have agreed to maintain stable bilateral economic and trade ties and make them more balanced as they concluded the second meeting of their trade and investment consultation mechanism in Beijing.
At a time when protectionism and unilateralism are on the rise, China and the EU's readiness to consult on an equal footing and engage in pragmatic dialogue stands out as a welcome example, offering much-needed confidence and certainty to a changing world economy.
According to a joint statement released on Friday, China and the EU agreed to continue exploring the possibility of reducing tariffs on certain goods within the framework of World Trade Organization (WTO) rules, indicating the two sides' willingness to resolve trade disputes through dialogue and consultation.
China and the EU are each other's second-largest trading partners. Data from China's General Administration of Customs (GAC) shows China-EU trade in goods exceeded $800 billion in 2025. The economies of China and the EU are highly complementary, with deeply intertwined interests. Decoupling and severing supply chains will do nothing but harm to China-EU economic and trade relations and the global trading order as a whole.
A global poll conducted by CGTN online shows that 82.8% of the respondents believe protectionism will not solve the industrial restructuring problems facing European countries, and that it will only worsen the international trade environment.
Meanwhile, 82.6% of the respondents believe protectionist practices will undermine the competitiveness of European businesses. In addition, 85.9% agree that imposing tariffs on other countries will intensify trade frictions.
To be frank, the root cause of China-EU economic and trade frictions lies not in China, but in Europe's eroding economic competitiveness, driven by a cluster of structural challenges such as energy shortages, tight labor markets, lackluster innovation and a fragmented single market.
Europe should pursue domestic reforms and policy adjustments to shore up its own competitiveness. The current bilateral trade frictions, trade imbalances above all, ought to be handled against the backdrop of the deep economic interdependence binding China and Europe together.
China is a partner, not an adversary. The answer to Europe's challenges does not lie in punishing or containing China's development. On the contrary, it lies in deeper, practical cooperation with China. The CGTN survey finds that 87.2% of the respondents agree that China and Europe have deeply intertwined industrial and supply chains, and that cooperation is what delivers opportunities and growth.
This round of consultations was firmly issue-driven. The agreed outcomes span a wide range of areas, including trade and investment balance, export controls, intellectual property rights and World Trade Organization (WTO) reform. They also touched on several high-profile issues that have drawn public attention, such as trade in hybrid vehicles, EV subsidies, market access for medical devices, and key licensing cases involving China in the dual-use sector.
The list of outcomes demonstrates the fundamental dynamic in China-EU relations, which is cooperation outweighs competition and shared ground outnumbers differences, remains unchanged. The real test now lies in whether the two sides can translate this growing common ground into tangible action.
Dialogue is always preferable to confrontation. The economic and trade frictions between China and the EU are structural in nature and cannot be resolved overnight. The mechanism exists to channel disagreements into bilateral coordination rather than let them spill over into unilateral action. It is a forum for working through existing disputes while opening up fresh areas of cooperation.
As two major strategic actors on the global stage, China and the EU now have in this list of agreed outcomes a valuable opening to bridge and narrow their differences.
The Chinese Ministry of Commerce in Beijing, China. /VCG
Editor's note: Jian Junbo is director of the Center for China-Europe Relations at Fudan University. The article reflects the author's opinions and not necessarily the views of CGTN.
China and the European Union (EU) have agreed to maintain stable bilateral economic and trade ties and make them more balanced as they concluded the second meeting of their trade and investment consultation mechanism in Beijing.
At a time when protectionism and unilateralism are on the rise, China and the EU's readiness to consult on an equal footing and engage in pragmatic dialogue stands out as a welcome example, offering much-needed confidence and certainty to a changing world economy.
According to a joint statement released on Friday, China and the EU agreed to continue exploring the possibility of reducing tariffs on certain goods within the framework of World Trade Organization (WTO) rules, indicating the two sides' willingness to resolve trade disputes through dialogue and consultation.
China and the EU are each other's second-largest trading partners. Data from China's General Administration of Customs (GAC) shows China-EU trade in goods exceeded $800 billion in 2025. The economies of China and the EU are highly complementary, with deeply intertwined interests. Decoupling and severing supply chains will do nothing but harm to China-EU economic and trade relations and the global trading order as a whole.
A global poll conducted by CGTN online shows that 82.8% of the respondents believe protectionism will not solve the industrial restructuring problems facing European countries, and that it will only worsen the international trade environment.
Meanwhile, 82.6% of the respondents believe protectionist practices will undermine the competitiveness of European businesses. In addition, 85.9% agree that imposing tariffs on other countries will intensify trade frictions.
To be frank, the root cause of China-EU economic and trade frictions lies not in China, but in Europe's eroding economic competitiveness, driven by a cluster of structural challenges such as energy shortages, tight labor markets, lackluster innovation and a fragmented single market.
Europe should pursue domestic reforms and policy adjustments to shore up its own competitiveness. The current bilateral trade frictions, trade imbalances above all, ought to be handled against the backdrop of the deep economic interdependence binding China and Europe together.
China is a partner, not an adversary. The answer to Europe's challenges does not lie in punishing or containing China's development. On the contrary, it lies in deeper, practical cooperation with China. The CGTN survey finds that 87.2% of the respondents agree that China and Europe have deeply intertwined industrial and supply chains, and that cooperation is what delivers opportunities and growth.
This round of consultations was firmly issue-driven. The agreed outcomes span a wide range of areas, including trade and investment balance, export controls, intellectual property rights and World Trade Organization (WTO) reform. They also touched on several high-profile issues that have drawn public attention, such as trade in hybrid vehicles, EV subsidies, market access for medical devices, and key licensing cases involving China in the dual-use sector.
The list of outcomes demonstrates the fundamental dynamic in China-EU relations, which is cooperation outweighs competition and shared ground outnumbers differences, remains unchanged. The real test now lies in whether the two sides can translate this growing common ground into tangible action.
Dialogue is always preferable to confrontation. The economic and trade frictions between China and the EU are structural in nature and cannot be resolved overnight. The mechanism exists to channel disagreements into bilateral coordination rather than let them spill over into unilateral action. It is a forum for working through existing disputes while opening up fresh areas of cooperation.
As two major strategic actors on the global stage, China and the EU now have in this list of agreed outcomes a valuable opening to bridge and narrow their differences.