Wen set for final China-EU summit

Written By Sepatu on Kamis, 20 September 2012 | 11.46

China's premier Wen Jiabao is to take part in his last EU-China summit before handing over power later this year.

His talks in Brussels with senior EU figures, including European Council President Herman Van Rompuy and foreign policy chief Catherine Ashton, are expected to focus on economic issues.

Beijing has previously expressed concerns about Europe's economic slowdown and offered to help.

Mr Wen is seen as having played a key role in building Chinese-EU relations.

Bilateral trade has more than quadrupled under his nine-year premiership.

The EU is now China's largest export market and the world's second-largest exporter to China.

'Consolidating relations'

There have been trade disputes between the partners - such as a recent EU decision to investigate allegations that Chinese manufacturers are dumping solar panels by selling them at below market value.

But EU officials believe these disputes must be seen in the context of a broad and growing economic relationship, says the BBC's Chris Morris in Brussels.

The Chinese government has also repeatedly expressed concern about Europe's faltering economy, which continues to struggle through a eurozone debt crisis.

There had been hopes that China would invest some $3 trillion (2.3 trillion euros; £1.85 trillion) of its foreign exchange reserves in European bailout funds - although pressure has now been eased by a European Central Bank decision to buy up government bonds.

In this context, the BBC's Chris Morris in Brussels says this summit will be all about consolidating relations rather than taking big decisions.

Europe's leaders, he says, have their eye on China's leadership change, which only happens once every decade and could bring new challenges in relations between these major economic powers.

20 Sep, 2012


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Source: http://www.bbc.co.uk/news/world-asia-19657940#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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