The Strategist

Bloomberg: Xi Jinping sets to promote China’s economic opportunities to the EU

05/01/2024 - 05:40

Chinese President Xi Jinping is visiting the EU for the first time in five years, and Beijing wants to show that it can provide "many more economic opportunities for the bloc than the U.S. wants to recognize," according to Bloomberg.

Fabrice Debatty
Fabrice Debatty
On April 29, the Chinese Foreign Ministry declared that Xi Jinping would be making a working visit to the EU. According to the ministry, the president of China will travel to France, Hungary, and Serbia on May 5–10, at the invitation of their respective governments.

Xi Jinping will also meet in trilateral format with French President Emmanuel Macron and European Commission Chief Ursula von der Leyen during his visit, the European Commission spokesperson Eric Mamer announced on April 29 on the social network X. 

According to Bloomberg, the mentioned nations are looking for Chinese investment. According to the agency's sources, French President Emmanuel Macron is specifically hoping to entice Chinese investment to the nation's battery manufacturing facilities for electric vehicles. Cooperation with France will allow Beijing to "further strengthen political mutual trust, solidarity, and cooperation," said Lin Jian, spokesperson for the Chinese Foreign Ministry.