Background

    EU-China ties and tensions

    (Agencies)
    Updated: 2011-06-24 09:12
    Large Medium Small

    Chinese Premier Wen Jiabao visits Hungary, Britain and Germany from June 24 to 28 with Europe's debt crisis on his mind. ?

    Following is an overview of EU-China relations and the major issues of concern.

    THE EURO ZONE CRISIS

    China's promises that it will keep buying the government bonds of Greece, Portugal, Spain and other debt-troubled euro zone economies have been a boost for Europe.

    China has been keen to diversify its bulging foreign currency reserves, now at a record over $3 trillion, about a quarter of which are estimated to be held in euros.

    Since euro-zone debt worries shook markets last year, China has repeatedly said that it still has confidence in the single-currency region and pledged to buy debt issued by some of its troubled member states.

    China signalled in April it was ready to buy more debt from the euro zone's weaker states in a move to help stabilise the bloc's fragile finances and protect its business interests.

    After investing billions of euros in Portuguese and Greek bonds to diversity its "huge" foreign exchange reserves away from the dollar, China was now considering buying more, Song Zhe, Beijing's ambassador to the European Union, has said.

    But last year, Chinese officials, worried that the euro zone crisis could hurt the global economy, also pressed European officials to take action to address the debt problem and restore confidence in the euro.

    TRADE FLOWS AND TENSIONS

    The 27-member EU bloc is China's biggest trade partner, with bilateral trade in goods in 2010 reaching 395 billion euros ($560 billion), a rise of 13.9 percent, according to EU statistics.

    Chinese exports to the EU reached 281.9 billion euros in 2010, a rise of 18.9 percent on 2009.

    China is the EU's second-biggest trade partner behind the United States, and is its largest source of imports, from machinery to clothes and shoes. EU exports to China rose 8.4 percent in 2010 to 113.1 billion euros.

    The EU's resulting bilateral trade deficit with China reached 168.8 billion euros in 2010. That gap has prompted EU anti-dumping actions that have angered Beijing. China says that EU anti-dumping measures amount to protectionist barriers against trade.

    The EU has also joined the United States in complaining?about the valuation of China's yuan currency.

    THE INVESTMENT ENVIRONMENT

    European businesses have complained that they face unfair barriers in China, including restricted access to government procurement purchases, valued at $1 trillion a year.

    The European Union Chamber of Commerce in China said recently that foreign companies suffer from delayed information about new projects, tenders announced via obscure channels and unfair awarding and appeals processes. ?

    European firms' frustrations over barriers to China's lucrative public tender market, valued at about 10 percent of China's GDP, have prompted EU warnings of reciprocal market closures.

    The EU has also pressed Beijing to do more to end technology theft, counterfeiting and other violations of intellectual property rights.

    佐藤遥希在线播放一二区| 亚洲欧美日韩中文字幕二区| 日韩欧美群交P片內射中文| 亚洲AV永久无码精品成人| 中文字幕极速在线观看| 水蜜桃av无码一区二区| 中文字幕精品久久久久人妻| 一本之道高清无码视频| 日韩精品无码一区二区三区不卡| 在线看片福利无码网址| 中文字幕在线视频播放| 一级毛片中出无码| 97人妻无码一区二区精品免费| 亚洲AV无码第一区二区三区 | HEYZO无码综合国产精品| 久久午夜无码鲁丝片秋霞 | 欧美日韩中文国产va另类 | 最近中文字幕高清字幕在线视频| 亚洲乱亚洲乱少妇无码| 国模无码一区二区三区| 精品久久久久久无码专区不卡| 亚洲AV无码专区国产乱码电影 | 人妻aⅴ无码一区二区三区| 一本大道东京热无码一区| 精品亚洲成A人无码成A在线观看 | 亚洲Av永久无码精品三区在线 | 亚洲国产a∨无码中文777| 国产综合无码一区二区辣椒 | 亚洲中文字幕无码久久2017| 中文字幕精品久久久久人妻| 在线中文字幕精品第5页| 中文无码一区二区不卡αv| 中文字幕精品视频在线| 无码av免费毛片一区二区| 伊人久久综合精品无码AV专区| 无码专区—VA亚洲V天堂| 无码人妻精品一区二区三区99仓本| 亚洲AV无码日韩AV无码导航| 亚洲成A人片在线观看无码不卡| 无码日韩精品一区二区三区免费| 亚洲av永久无码制服河南实里|