China’s president arrives in Europe to reinvigorate ties at a time of global tensions
2024-05-06 09:08:00 source:CNBC
May 5, 2024
Chinese President Xi Jinping kicked off a three-country trip to Europe on Sunday with the continent divided over how to deal with Beijing’s growing power and the U.S.-China rivalry.
European carmakers are losing ground to subsidized Chinese electric vehicles. Diplomats fret about alleged Chinese spies in European capitals. And China’s continued defense trade with Russia worries anyone in Europe who supports war-ravaged Ukraine and fears that the Russian army won’t stop there.
But Europe and China have hefty economic ties — EU-China trade is estimated at 2.3 billion euros per day — and Xi appears determined to rebuild and deepen relations with European leaders after a prolonged absence prompted by the Covid-19 pandemic.
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