HomeAsiaChina's foreign minister discusses trade balance with EU lawmakers

China’s foreign minister discusses trade balance with EU lawmakers

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BEIJING, July 21 (Reuters) - Chinese ‌Foreign Minister Wang Yi told a delegation ​of European lawmakers in Beijing on Tuesday that China and the EU should ⁠promote an "upward dynamic balance" in bilateral trade ties from a long-term perspective, according to a statement from China's foreign ministry.

• "China and Europe ​are partners rather than rivals" and their interests are deeply intertwined, Wang ‌told a delegation from the European Parliament's Foreign Affairs Committee, the ministry summary showed.

• "The two sides should uphold the overarching orientation of partnership, ⁠and view and handle specific issues that arise in ⁠the course of the development of bilateral relations within this framework," said Wang.

• He said China was willing to enhance coordination and cooperation with Europe in global affairs.

• The EU has been ‌weighing tougher measures to curb its growing trade deficit with China. ⁠Diplomats say there has been a gradual convergence ‌of views among EU member states ​that there is a problem with the goods trade deficit.

• China and the EU are due to hold trade talks under a ‌trade and investment consultation mechanism later this ​year. The EU's trade chief ⁠has said he wants results on trade talks by ‌October.

• Wang called on the ⁠European lawmakers to promote "a rational and objective perception of China ... and the adoption of positive and correct policies toward China" in the ​European Union, the summary ‌showed.

• Wang set out China's position on issues including trade imbalances, the ⁠Ukraine crisis, human rights and ​artificial intelligence, his ministry said.

(Reporting by Xiuhao Chen and Ryan ​Woo; Editing by Aidan Lewis)

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