Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-329-500"
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"en.20120523.15.3-329-500"2
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"The rhetoric that has been coming out of Beijing in recent years clearly indicates that China is truly worried about the negative economic developments in Europe, which are most visible in the debt crisis. The Chinese economy is primarily focused on exports, and it is the European Union that is the largest trading power and top destination for Chinese exports. China is the EU’s second largest trading partner, immediately after the United States of America. It logically follows that China needs economic growth in its trading partners in order to support its own economic development. Unfortunately, European companies still cannot invest in China under the same conditions as those that apply to Chinese investments in Europe. Despite China’s progress in reducing trade barriers to facilitate access to the Chinese market, many obstacles remain, as evidenced by a report from the EU Chamber of Commerce in China. The report shows that fully 43% of directors of European companies in China believe that the measures adopted by the Chinese Government discriminate against them. Europe and China need each other. In this spirit, a new phase of trade relations between the EU and China must be launched, which will be based on a partnership of equals and will be characterised by mutual benefits and joint development. This is the principle of reciprocity, which Europeans have long been demanding."@en1
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