Newsletter

Chinese state media: Xi’s fruitful Europe visit brings new impetus to ties

May 11, 2024
01

Chinese state media: Xi’s fruitful Europe visit brings new impetus to ties

The following article is a conclusion of Xi’s recent visit to France, Serbia and Hungary by Chinese state media Global Times, which provide us an angle of Chinese mainstream media on Xi’s visit.

President Xi Jinping left Budapest on Friday, wrapping up his fruitful three-nation Europe visit, which both Chinese and European analysts believe injects momentum into China-Europe relations as well as future multipolarity and global stability.

At a farewell event held by Hungarian Prime Minister Viktor Orban and his wife on Friday, Xi said China is now advancing the great rejuvenation of the Chinese nation on all fronts through Chinese modernization, and China’s high-quality development and opening-up will provide more opportunities for Hungary.

On Thursday, China and Hungary decided to elevate bilateral relations to an all-weather comprehensive strategic partnership for the new era. To enrich the new relationship, the two sides are committed to enhancing synergy between the Belt and Road Initiative (BRI) and Hungary’s “Eastern Opening” policy, said a joint statement released after Xi’s meeting with Hungarian Prime Minister Viktor Orban.

According to the statement, the two sides will further deepen cooperation on finance, encourage financial institutions of both sides to provide financing support and financial services for trade and investment cooperation, further tap the cooperation potential in green finance and other fields, and continue to jointly issue green Panda bonds. They will also strengthen exchanges and cooperation on land and spatial planning, expand cultural and people-to-people exchanges and cooperation, and strengthen coordination and communication on tourism policies.

“In a world clouded by the threat of protectionism and economic decoupling disguised as de-risking, economic and trade cooperation needs a surrounding atmosphere of trust and mutual respect. The now elevated strategic partnership between China and Hungary can generate not only such a solid atmosphere, but also the solid ground for long-term secure investment environment,” Zoltan Kiszelly, director for political analysis of the Budapest-based political think tank Szazadveg Foundation, told the Global Times.

Hungary was the last leg of Xi’s Europe visit, which also included France and Serbia. This is the first time in five years that Xi has visited Europe, and each stop during the trip had its own highlights and memorable moments.

In Serbia, Xi was greeted by thousands of Serbians in Belgrade. President Xi and Serbian President Aleksandar Vucic signed a joint statement on the building of a China-Serbia community with a shared future in the new era, making Serbia the first European country to build such a community with China. In the joint statement, the two countries decided to deepen and elevate the China-Serbia comprehensive strategic partnership.

On his first day in France, President Xi said during a trilateral meeting in Paris with French President Emmanuel Macron and European Commission President Ursula von der Leyen that China-EU cooperation is “complementary and mutually beneficial” in essence. China-EU relations enjoy a strong endogenous driving force and bright prospects for development, and this relationship does not target any third party, nor should it be dependent on or dictated by any third party, Xi added.

Xi and Macron also held talks at the Elysee Palace. President Xi said that the two sides should stay committed to the spirit that guided the establishment of their diplomatic ties, namely, independence, mutual understanding, long-term vision and mutual benefit, and enrich it with new features of the new era. Xi and Macron also reached agreements to strengthen cooperation among small and medium-sized enterprises.

The next day, amid falling snow in the picturesque mountains in the Hautes-Pyrenees Department in southwestern France, Xi and his wife Peng Liyuan were warmly received by Macron and his wife Brigitte Macron at a mountain restaurant for a closed meeting. Experts believe that this personal touch marks a new climax in high-level exchanges that can boost mutual trust and understanding.

02

China’s new ambassador arrives in India

Xu Feihong, the newly appointed Chinese ambassador to India, arrived in New Delhi on Friday. With the position vacant for 18 months, the arrival of a new ambassador presents a valuable opportunity for both countries to enhance communication, minimize misunderstandings, and reduce misjudgments, analysts said, noting that Xu’s assumption of office is also a positive factor toward fostering the return of bilateral relations to a path of healthy and stable development.

Xu is the 17th Chinese ambassador to India. Since former ambassador Sun Weidong left his position, the post of Chinese ambassador to India has been vacant for 18 months, marking the longest vacancy since the restoration of mutual ambassadorial appointments between China and India in 1976.

03

Beijing slams Washington over reported tariffs on Chinese EVs

The US’ reported plan to levy tariffs on imports from China’s emerging industries is adding mistakes to mistakes, and its commerce department’s decision to add 37 Chinese entities in the high-tech sector to a trade restriction list is abusing export control tools to suppress Chinese companies, which will prompt necessary countermeasures from China, a Chinese Foreign Ministry spokesperson warned on Friday, urging the US to stop politicizing trade matters and cracking down on Chinese companies on so-called national security grounds.

The latest moves showed that the US is stepping further down the path of clamping down on Chinese companies and “decoupling” with China, according to Chinese state media Global Times, warning that there will be serious consequences.

The Biden administration is set to announce new China tariffs as soon as next Tuesday targeting strategic sectors including electric vehicles, batteries and solar equipment, Bloomberg reported on Thursday.

Share This Post