EU urged to balance economic ties with China

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The European Commission has set out a 10-point plan for more balanced economic relations with China

The European Commission has set out a 10-point plan for more balanced economic relations with China, urging EU leaders to back its ideas to curb Chinese state-owned enterprises and increase their guard against cyber-security threats.

The EU shares many of the United States' concerns over Chinese market distortions, over capacity and technology transfer. However it has avoided taking sides in a multi-billion dollar trade war between Washington and Beijing. If backed by EU leaders, the bloc would urge China to agree to reforms of World Trade Organisation rules, notably regarding subsidies and forced technology transfer, and conclude a deal with the EU on investment rules by 2020.

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