China signals openness to cutting EU trade surplus as Brussels toughens stance
China has signalled willingness to reduce its large trade surplus with the European Union, according to the South China Morning Post. The move comes as Brussels adopts a tougher stance on trade imbalances and market access for European companies.
According to the South China Morning Post, China has signalled openness to narrowing its trade surplus with the European Union. European officials have stressed that the imbalance between the two sides is unsustainable and that market access should be reciprocal.
Brussels has recently taken a firmer stance, using import reviews and trade tools in certain sectors. Beijing, for its part, says it prefers to manage commercial tensions through dialogue.
Analysts say concrete steps could come in the form of market openings for European firms, purchase agreements or the removal of specific barriers. The talks are expected to feature prominently on the trade agenda in the coming months. Both sides appear keen to avoid a broad escalation.
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