Xi on a mission to convince Europe it can offer more economic opportunities than US

BEIJING – Chinese President Xi Jinping is heading to the European Union for the first time in five years with a clear message: Beijing offers much more of an economic opportunity for the bloc than the US wants to admit.on May 5, according to the Foreign Ministry in Beijing. Those nations are seeking investment from China, despite a litany of EU investigations into Beijing’s industrial policy and warnings from officials in Washington about the risks.

Mr Macron will then invite his Chinese counterpart to a corner of the Pyrenees mountains where the French President used to visit his grandmother as a child, the people added. Mr Macron and European Commission president Ursula von der Leyen will also hold a trilateral meeting with Mr Xi during his visit, her chief spokesman wrote on social media platform X.

“We’re not yet in the last chance saloon, but I think even the Chinese would agree the relationship is far from ideal.” The Chinese leader’s stop in Belgrade, which is not an EU member state, will come in the week of the 25th anniversary of the US bombing of China’s embassy in the Serbian capital, an event that brought Russia and China closer over shared anti-American sentiment.

When Mr Xi last visited Western Europe in 2019, the economies of China and the euro area – measured in dollars – were roughly the same size. Hungary is potentially a major strategic asset for Beijing in slowing that momentum, as it has the power to dilute or even block EU policy. In December 2023, Hungarian Prime Minister Viktor Orban was the sole holdout on an EU aid package for Ukraine, delaying critical supplies for about six weeks.

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