The European Union has sanctioned two small Chinese banks in its latest package of measures designed to hobble Russia’s war machine, despite a warning from Beijing to expect consequences. Suifenhe Rural Commercial Bank and Heihe Rural Commercial Bank, two regional lenders from cities close to China’s border with Russia, were blacklisted in the 18th package…
U.S. President Donald Trump speaks to the media as he departs the White House on July 15, 2025 in Washington, DC. Anna Moneymaker | Getty Images The U.S. has doubled down on its plan to impose 30% tariffs on the European Union next month, seeking to ramp up pressure on the bloc to reach a…
Beijing has removed “restrictions” on Reinhard Buetikofer, the former EU lawmaker it sanctioned in 2021, as it looks to normalise ties with the European Parliament. The move is expected to galvanise a new round of engagement, with an official meeting of the National People’s Congress (NPC) and the China delegation of the European Parliament pencilled…
Chinese Vice Premier Ding Xuexiang held the sixth China-EU High-Level Environment and Climate Dialogue jointly with Teresa Ribera, Executive Vice President of the European Commission, on Monday in Beijing, News.az reports citing Xinhua. Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, urged both…
Key Points The U.S. and EU have the largest bilateral trade and investment relationship in the world, representing almost 30% of global trade in goods and services. Last year alone, the value of EU-U.S. trade amounted to 1.68 trillion euros ($1.96 trillion). That’s the equivalent of roughly 4.6 billion euros of trade per day. U.S….
Oslo Taxi’s NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drives through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — China is hoovering up market share in electric vehicle-friendly Norway, posing significant competition to Elon Musk‘s Tesla and other Western…
A Chinese foreign ministry spokesperson on Wednesday urged the European Union (EU) to form a more objective and rational perception of China, and pursue a more positive and pragmatic China policy, News.Az reports citing Reuters. Spokesperson Mao Ning made the remarks at a regular press briefing when responding to the recent remarks made by European…
China has called on the European Union to reassess its attitude toward trade ties with Beijing, saying that the bloc’s current mindset, not the structure of China-EU economic relations, is what needs adjusting. Speaking at a regular press briefing on Wednesday, Foreign Ministry spokesperson Mao Ning responded to recent comments by European Commission President Ursula…
Berlin on Tuesday said the Chinese military had targeted a laser at a German aircraft taking part in an EU-led mission to protect marine traffic in the Red Sea. “Endangering German personnel and disrupting the operation is entirely unacceptable,” the foreign ministry said on social media, adding that Beijing’s ambassador to Berlin had been summoned…
European Commission President Ursula von der Leyen made some of her strongest criticisms of China to date on Tuesday, laying into Beijing’s stance on Russia and its policies on trade. The speech at the European Parliament was designed to set out the hawkish German’s stall ahead of a major showdown with China’s leaders in two…