The Japan Times - EU leaders in China for summit with high stakes but low expectations

EUR -
AED 4.060797
AFN 70.756208
ALL 90.431374
AMD 398.569355
ANG 1.978734
AOA 1014.914275
ARS 1708.345292
AUD 1.62437
AWG 1.991686
AZN 1.882117
BAM 1.949955
BBD 2.227483
BDT 137.561994
BGN 1.932351
BHD 0.417261
BIF 3319.47663
BMD 1.105571
BND 1.421278
BOB 12.945545
BRL 6.236636
BSD 1.105915
BTN 103.955201
BWP 15.343422
BYN 3.332002
BYR 21669.189657
BZD 2.224293
CAD 1.576262
CDF 2559.396803
CHF 0.923445
CLF 0.02794
CLP 1099.655858
CNY 7.374545
CNH 7.378083
COP 3668.660143
CRC 499.316779
CUC 1.105571
CUP 26.543273
CVE 109.937436
CZK 24.379609
DJF 196.481735
DKK 7.475761
DOP 67.100677
DZD 151.411591
EGP 59.0827
ERN 16.583564
ETB 178.100085
FJD 2.51329
FKP 0.832529
GBP 0.835132
GEL 2.87122
GGP 0.832529
GHS 12.962844
GIP 0.832529
GMD 81.811835
GNF 9798.627282
GTQ 8.450897
GYD 231.381634
HKD 8.672928
HNL 29.73939
HRK 7.48362
HTG 144.909546
HUF 365.431536
IDR 20161.190948
ILS 3.529539
IMP 0.832529
INR 103.978057
IQD 1676.6196
IRR 2115509.919078
ISK 136.593053
JEP 0.832529
JMD 175.19483
JOD 0.783913
JPY 176.739913
KES 143.702299
KGS 96.680961
KHR 4557.462056
KMF 488.662283
KPW 995.013768
KRW 1476.705536
KWD 0.344363
KYD 0.921662
KZT 491.210858
LAK 24916.80304
LBP 99003.874278
LKR 367.787487
LRD 188.011512
LSL 18.433875
LTL 3.264463
LVL 0.668749
LYD 7.12544
MAD 10.893642
MDL 20.173076
MGA 5048.004898
MKD 61.545607
MMK 2321.394204
MNT 3985.476695
MOP 8.935158
MRU 44.728337
MUR 52.360102
MVR 17.028491
MWK 1917.803164
MXN 20.562911
MYR 4.509067
MZN 70.64224
NAD 18.433875
NGN 1486.992784
NIO 40.699103
NOK 10.563399
NPR 166.327923
NZD 1.993195
OMR 0.425089
PAB 1.106015
PEN 3.770899
PGK 5.044968
PHP 70.615582
PKR 305.828557
PLN 4.403323
PYG 6855.666244
QAR 4.031642
RON 5.345452
RSD 117.642753
RUB 91.540917
RWF 1632.928221
SAR 4.173358
SBD 8.952138
SCR 15.419245
SDG 664.999828
SEK 11.079151
SGD 1.422891
SHP 0.828422
SLE 25.328345
SLL 23183.273867
SOS 632.022576
SRD 41.463321
STD 22883.085509
STN 24.427438
SVC 9.676992
SYP 14374.632504
SZL 18.42128
THB 37.489599
TJS 10.202447
TMT 3.869498
TND 3.328921
TOP 2.661949
TRY 55.560394
TTD 7.512684
TWD 36.503406
TZS 2940.399567
UAH 50.255561
UGX 4551.479826
USD 1.105571
UYU 44.827044
UZS 13266.851283
VES 995.556089
VND 28390.507948
VUV 132.606443
WST 3.082109
XAF 655.957
XAG 0.022121
XAU 0.000285451161
XCD 2.987861
XCG 1.993179
XDR 0.781696
XOF 655.957
XPF 119.331742
YER 261.466668
ZAR 18.536637
ZMK 9951.464559
ZMW 22.5889
ZWL 355.993379
SSP 6397.412014
MXV 2.309841
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

EU leaders in China for summit with high stakes but low expectations
EU leaders in China for summit with high stakes but low expectations / Photo: Kenzo TRIBOUILLARD - AFP

EU leaders in China for summit with high stakes but low expectations

European leaders will meet their Chinese counterparts in Beijing on Thursday for talks dominated by divisions between the bloc and its largest economic partner over everything from trade to the war against Ukraine.

Text size:

China and the EU have ramped up diplomatic engagement this year in an attempt to steer post-pandemic recovery and repair damaged ties, with a number of its commissioners visiting Beijing to restart high-level dialogue.

The bloc says it hopes Thursday's meetings between EU chiefs Charles Michel and Ursula von der Leyen and Beijing's top brass -- their first in person in more than four years -- will provide a chance to discuss areas of common interest such as climate change and health.

But they will also address more touchy topics, from human rights and Beijing's continued ties with Russia despite its war in Ukraine to the yawning trade gap between the two powers.

Von der Leyen warned this week that the bloc would "not tolerate" that imbalance indefinitely.

"We have tools to protect our market," she told AFP.

Beijing hit back on Wednesday, saying that the bloc's efforts to curb exports of sensitive tech to China while balancing trade didn't "make sense".

European officials have said repeatedly this year they aim to "derisk" their economic ties to China after the war in Ukraine exposed the continent's energy dependence on Russia.

- 'Zero trust' -

Beijing's goal this week will be to "hinder or delay derisking at a minimum cost", Grzegorz Stec, an analyst at China-focused think tank MERICS, told a media briefing Wednesday.

Beijing will attempt to "project the image of a responsible global actor and to reassure European actors about the direction of the Chinese economy", Stec said.

But on the eve of the summit, news broke that Italy had withdrawn from China's vast Belt and Road infrastructure initiative.

Prime Minister Giorgia Meloni has long been opposed to Italy's participation in an initiative viewed by many as an attempt by Beijing to buy political influence -- and whose economic benefits to Rome were limited.

Also on the agenda at the summit will be the fighting between Israel and Hamas -- as well as Russia's war in Ukraine.

China, which has not condemned Moscow's February 2022 invasion of Ukraine, welcomed Russian leader Vladimir Putin to Beijing in October, with President Xi Jinping hailing their "deep friendship".

Such camaraderie is unlikely in Thursday's talks with EU leaders, who one analyst said had "zero trust" in Beijing.

"Both sides are unlikely to get what they want from the other side," Nicholas Bequelin, a Senior Fellow at Yale's Paul Tsai China Center, told AFP.

- Few offramps -

Beijing has said the meeting will "play an important role in building on the past and ushering in the future".

"China and Europe are partners, not rivals, and their common interests far outweigh their differences," foreign ministry spokesman Wang Wenbin said this week.

Von der Leyen and Michel's schedule in the Chinese capital Thursday will be tight.

The EU chiefs will meet Xi around 11 am (0300 GMT), followed by a working lunch.

They will then hold talks with Premier Li Qiang before attending an official dinner and a news conference in the evening.

The Europeans have said they will use the talks to urge Beijing to use its ties with Moscow to push it to end its war against Ukraine, an issue which Commissioner Valdis Dombrovskis warned this year was "affecting the country's image".

While Beijing has stopped short of providing military aid to Moscow, it has deepened economic ties as Western powers seek to isolate Russia.

War in the Middle East and tensions over self-ruled Taiwan will also feature prominently in the talks, the bloc has said.

And as world leaders meet in Dubai to hash out the future of the planet, Brussels will urge China -- the world's biggest producer of polluting greenhouse gases -- to do more to bring emissions down.

Another touchy topic is the automotive sector, where Brussels accuses Beijing's subsidies for domestic firms of undercutting foreign competitors.

Von der Leyen announced an official probe into the subsidies in September, a move Beijing swiftly condemned.

K.Abe--JT