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The Economic Times

Global Business / The Economic Times

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Beijing signals thaw in EU trade ties after landmark Nordic trip

China's Foreign Minister Wang Yi urged the EU to remain open and reduce export restrictions. Beijing desires an upward balance in trade and greater market access. European nations face a significant trade deficit with China, causing concern. China views the economic relationship as fundamentally complementary and mutually beneficial. The trip aimed to prevent escalating trade tensions into a full-blown trade war.

9 Jul 2026 12:18 am