Space News from SpaceDaily.com
China says EU 'mentality', not trade, needs to be rebalanced
ADVERTISEMENT


Beijing, July 9 (AFP) Jul 09, 2025
Beijing said on Wednesday that the European Union needed to rebalance its "mentality", not its economic ties with China, ahead of a summit between the two this month.

"It is hoped that the European side realises that what needs to be rebalanced right now is Europe's mentality, not China-EU economic and trade relations," foreign ministry spokeswoman Mao Ning said.

European Commission president Ursula von der Leyen said Tuesday the EU would seek to rebalance economic ties with China, demanding it eases market access for European firms and loosen export controls on rare earths.

Addressing the European Parliament in Strasbourg, von der Leyen said Beijing was running the largest trade surplus "in the history of mankind" exporting vast amounts to the EU while making it harder for European companies to do business in China.

The trade deficit between China and the EU was a yawning $357 billion in 2024.

The commission leader, who will travel to Beijing with European Council President Antonio Costa, said the pair will seek to loosen export restrictions on rare earths -- while Brussels also looks at "developing alternative supply resources".

Beijing snapped back on Wednesday, saying that in the "current turbulent situation", the bloc and China should "properly handle divergences and frictions".

"We hope that the European Union will truly establish a more objective and rational understanding of China and pursue a more positive and pragmatic China policy," Mao said.


ADVERTISEMENT





Space News from SpaceDaily.com
UK opens competitive bid for GBP 75 million orbital cleanup mission
UK invests $191 mn in European satellite firm Eutelsat
Bearings Used in Space Technologies: Engineering for the Final Frontier

24/7 Energy News Coverage
Atomic 6 receives 2M Space Force award to advance next generation solar arrays
ESA and Neuraspace develop autonomous satellite navigation technologies
Planet secures 240 million euro satellite services contract with German government

Military Space News, Nuclear Weapons, Missile Defense
France says Australia defence ties repaired after submarine row
Trump: U.S. to send Patriot missiles to Ukraine, EU to pay bill
Ukraine, Russia trade blows in escalating spy war

24/7 News Coverage
Ancient zircon data reveals tectonic origin of Earth's first continental crust
Autonomous sub explores unexplored trench depths to reveal critical mineral clues
Europe launches first geostationary atmospheric sounder to boost extreme weather forecasts



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.