Uzbekistan and U.S. to launch joint investment platform and business council
Uzbekistan and the U.S. are preparing to launch a joint investment platform by the end of the year, alongside the creation of a new bilateral busin...
China’s Ambassador to Spain, Yao Jing, stated that China is eager to be seen as a partner rather than a rival to the European Union, emphasizing the need for collaboration amidst shifting global dynamics and U.S. trade policies, which he described as "unilateral economic abuse."
In an interview with Reuters, Yao criticized the EU's 2019 strategy that described China as its "partner for cooperation, economic competitor, and systemic rival," calling it a contradictory stance. He pointed out that both China and the EU advocate for open markets and rules-based trade, and he stressed that China would never pose a threat to the EU. "We should put our focus on partnership," Yao said, contrasting China’s multilateral approach with U.S. President Donald Trump's isolationist policies.
Yao’s comments come as Spain seeks to strengthen its economic and political ties with China. Last week, Spanish Prime Minister Pedro Sanchez met with Chinese President Xi Jinping in Beijing. The meeting was widely seen as an effort to bolster Sino-European relations amid the economic fallout from U.S. tariffs. Before the trip, U.S. Treasury Secretary Scott Bessent warned that closer ties with China would be "cutting your own throat," a remark that was dismissed by the Spanish government.
Responding to Bessent’s comments, Yao expressed surprise and frustration, accusing the U.S. of causing harm with its unilateral tariffs. "The U.S. in fact cuts everyone's throats with its unilateral tariffs," he said. "And this is why China is firmly against this kind of economic abuse by the United States."
Trade Issues and Cooperation
On the subject of trade, Yao urged the EU to lift export controls on key high-tech products like semiconductors and remove tariffs on Chinese electric vehicles (EVs). He also called for an end to restrictions on Chinese companies such as Huawei and ZTE, which have faced limitations in accessing Europe's 5G network.
In return, Yao highlighted China's efforts to open its own markets to foreign investment, including in sectors like telecommunications, banking, and manufacturing. "We've made it very clear that China will open its door with the passage of time, and this door will never be closed," he said, noting that China is ready to expand market access to EU members, as demonstrated by recent agreements with Spain.
One such agreement involved granting China access to Spanish pork stomach, a product previously unauthorized for export. This move was seen by some analysts as a possible signal that Beijing may ease its anti-dumping investigation into EU pork, which was launched last year in retaliation for EU tariffs on Chinese EVs.
Despite the ongoing probe into EU pork imports, Yao conveyed a willingness to resolve trade differences through dialogue and negotiations, reinforcing China’s commitment to long-term economic cooperation with Europe.
As the U.S. continues to impose tariffs on global trade, including with both China and the EU, the economic and political landscape is evolving, with China positioning itself as a key player in reshaping international relations and trade norms.
The crew of Artemis II mission are entering a pivotal phase of their journey, as they prepare to swing around the Moon and head back towards Earth. Now on the fifth day of their 10-day mission, the four astronauts are already witnessing views no human has ever seen.
U.S. President Donald Trump on Monday told reporters that Iran could be taken out in one night, "and that night might be tomorrow night," warning Tehran it had to make a deal by Tuesday night or face wider bombing raids.
U.S. President Donald Trump threatened Iran's "whole civilisation" on Tuesday in a post on social media. Meanwhile, the UN failed to reach an agreemement on a resolution aimed at reopening the Strait of Hormuz, after China and Russia used their vetoes.
As Hungary approaches a crucial vote, younger citizens who grew up under Prime Minister Viktor Orbán are increasingly backing the opposition, with some saying they may leave if he secures another term.
Iran has rejected a U.S.-backed ceasefire proposal, insisting any agreement must deliver a permanent end to the war, according to state media on Monday.
Trade discussions between China and the U.S. are expected to remain virtual for now, with no major investment initiatives planned before a potential meeting between Xi Jinping and Donald Trump, according to U.S. Trade Representative Jamieson Greer.
The Russian T-90M tank is worth an estimated $4.5 million and was designed to dominate the battlefield. Yet this steel giant has repeatedly been destroyed by something far smaller, faster and thousands of times cheaper: the drone.
North Korea fired multiple ballistic missiles towards its east coast on Wednesday (8 April), South Korea’s military said, in a fresh show of force that underscored rising tensions despite brief signs of a possible thaw between the two sides.
The leader of Taiwan's largest opposition party used her first full day in mainland China to publicly pledge reconciliation, invoking the spirit of her party's founder, Sun Yat-sen, to call for unity whilst surprisingly praising the communist mainland’s developmental achievements.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 8 April, covering the latest developments you need to know.
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