CAPTION: Chinese and European Union flags at European Commission headquarters in Brussels, Belgium. (picture alliance/Wiktor Dabkowski/archive)
Against the background of the trade dispute with the United States, China and the EU want to work together to protect open global markets. After meeting with Jyrki Katainen, Vice-President of the European Commission, in Beijing on Monday, China's Vice Premier Liu He said that they had agreed to defend the multilateral trading system. The end of free markets could cause "recessions and turbulence" in the world, Liu He warned, according to a statement released by the Chinese Ministry of Commerce.
According to the European Commission’s press release, both sides want to set up a working group to help the World Trade Organisation (WTO) "meet new challenges." China along with several EU member states have been the target of US President Donald Trump’s tariff measures.
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A single purchase
