ShanghaiEye魔都眼 China again sends message to EU, says protective moves against Chinese firms did no good to EU

Lin Jian: We noted that Chinese businesses are concerned about the continued pressure on their operations in Europe.

In recent years, the EU has been advocating economic competition with China and promoting “de-risking” from China. Under the pretext of upholding “economic security” and “fair competition,” it has rolled out a number of protectionist measures, set restrictions on semiconductor, 5G and electric vehicles—areas where China and the EU could have engaged in mutually beneficial cooperation, and taken discriminatory and restrictive measures against Chinese businesses, which disrupted the sound and steady operation of the global industrial and supply chains. These moves did no good to improving the EU’s industrial competitiveness, and sent a negative message of retrogression in its market openness and affected Chinese businesses’ confidence in investing in the EU, which will harm the EU’s own interests in the end.

Over the years, Chinese businesses have continued to explore the EU market and actively taken up corporate responsibilities, making positive contribution to the EU’s economic growth, green transition, employment and people’s wellbeing. The recommendations for formulating the 15th Five-Year Plan adopted at the fourth plenary session of the 20th CPC Central Committee have drawn a blueprint for China’s economic development in the next five years. China’s continued modernization drive and greater high-standard opening up will bring more opportunities for China-EU cooperation. Amid the complex and volatile international situation, sluggish world economic growth and rising trade protectionism, it is all the more important that China and the EU engage in dialogue and cooperation, uphold free trade and fair competition, and resolve differences and frictions properly through dialogue and consultation. We hope the EU will honor its commitment on market openness and uphold the principle of fair competition, listen to and earnestly address the reasonable suggestions and legitimate appeals of Chinese businesses, and provide a fair and predictable environment for Chinese businesses to invest and operate in the EU. We also welcome the EU to grasp the important opportunities arising from China’s implementation of the 15th Five-Year Plan to increase trade and investment and achieve common development.

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