AIRLINK 180.17 Decreased By ▼ -1.22 (-0.67%)
BOP 11.42 Increased By ▲ 0.25 (2.24%)
CNERGY 8.55 Increased By ▲ 0.01 (0.12%)
CPHL 95.23 Increased By ▲ 0.97 (1.03%)
FCCL 46.52 Increased By ▲ 0.34 (0.74%)
FFL 16.30 Increased By ▲ 0.64 (4.09%)
FLYNG 28.70 Increased By ▲ 0.52 (1.85%)
HUBC 145.24 Increased By ▲ 2.47 (1.73%)
HUMNL 13.10 Decreased By ▼ -0.14 (-1.06%)
KEL 4.50 Decreased By ▼ -0.03 (-0.66%)
KOSM 5.67 Decreased By ▼ -0.12 (-2.07%)
MLCF 69.44 Increased By ▲ 3.93 (6%)
OGDC 212.23 Decreased By ▼ -0.65 (-0.31%)
PACE 6.02 Decreased By ▼ -0.03 (-0.5%)
PAEL 47.89 Increased By ▲ 1.29 (2.77%)
PIAHCLA 18.00 Decreased By ▼ -0.17 (-0.94%)
PIBTL 10.58 Decreased By ▼ -0.03 (-0.28%)
POWER 13.54 Increased By ▲ 1.23 (9.99%)
PPL 170.81 Decreased By ▼ -0.09 (-0.05%)
PRL 34.67 Increased By ▲ 0.40 (1.17%)
PTC 22.64 Decreased By ▼ -0.22 (-0.96%)
SEARL 95.83 Increased By ▲ 0.88 (0.93%)
SSGC 43.37 Increased By ▲ 0.90 (2.12%)
SYM 14.19 No Change ▼ 0.00 (0%)
TELE 7.27 Increased By ▲ 0.06 (0.83%)
TPLP 9.89 Decreased By ▼ -0.02 (-0.2%)
TRG 65.60 Increased By ▲ 0.05 (0.08%)
WAVESAPP 9.80 Decreased By ▼ -0.05 (-0.51%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
YOUW 3.74 Decreased By ▼ -0.02 (-0.53%)
BR100 12,702 Increased By 113.8 (0.9%)
BR30 38,258 Increased By 378.2 (1%)
KSE100 118,383 Increased By 1067.8 (0.91%)
KSE30 36,395 Increased By 278.8 (0.77%)

Chinese President Xi Jinping has declined an invitation to visit Brussels for a summit to mark the 50th anniversary of EU-China diplomatic ties, the Financial Times reported on Sunday.

Beijing told EU officials that Premier Li Qiang would meet the presidents of the European Council and Commission instead of Xi, the FT said, citing two people familiar with the matter whom it did not identify.

The Chinese premier usually attends the summit when it is held in Brussels, while the president hosts it in Beijing, but the EU wants Xi to attend to commemorate half a century of relations between Beijing and the bloc, the newspaper said.

Tensions between Brussels and Beijing have grown since Russia invaded Ukraine in 2022, with the EU accusing China of backing the Kremlin, the FT said. Last year, the European Union also imposed tariffs on Chinese electric vehicle imports.

China’s Foreign Ministry and the EU did not immediately respond to Reuters requests for comment.

“Informal discussions are ongoing, both about setting the date for the EU-China summit this year and the level of representation,” an EU official told the newspaper, while the Chinese ministry was quoted as saying it did not have any information to provide on the matter.

Xi Jinping asks Germany’s Scholz to help resolve issue of EU tariffs on Chinese EVs

China, the world’s second-biggest economy, and the EU, its third-largest, spent most of 2024 exchanging barbs over allegations of overcapacity, illegal subsidies and dumping in each other’s markets.

In October, the EU imposed double-digit tariffs on China-made electric vehicles after an anti-subsidy investigation, in addition to its standard car import duty of 10%.

The move drew loud protests from Beijing, which in return, raised market entry barriers for certain EU products such as brandy.

Comments

200 characters