MercoPress. South Atlantic News Agency

China pledges to further open its economy in strategic talks with the EU

Donald Tusk hailed Beijing's commitments at an EU-China summit in Brussels as a “breakthrough” with both sides committed to globalization and international rules

China on Tuesday said it would push further to open its economy and deepen ties with the EU, which has grown increasingly wary of Beijing's influence in Europe. EU Council president Donald Tusk hailed Beijing's new commitments at an EU-China summit in Brussels as a “breakthrough” with both sides committed to globalization and pursuing international rules.

The annual meeting brings together China's number two leader and the EU's top officials and serves as a litmus test of the state of ties between Europe and the Asian giant.

This year's meeting comes at a sensitive time, a month after the European Commission, the EU's executive arm, branded Beijing “a systemic rival” in a special 10-point report that stressed China's unwillingness to play fair on trade.

It also lands amid big questions over Huawei, the Chinese high-tech giant that Washington wants the European Union to ban due to the firm's alleged ties to Chinese state security.

“On the basis of mutual respect and equality, we had intense discussions and reached a substantive joint statement,” China's Prime Minister Li Keqiang said after the talks.

“It sets in clear terms both the direction and concrete goals for both sides.”

The joint declaration was only agreed after frantic last-minute haggling, but it narrowly avoids the diplomatic dust-up seen two years ago when China refused to sign on to a statement due to a spat over trade.

In Tuesday's seven-page document that spans security, diplomacy and trade issues, both sides committed to “broader and more facilitated, non-discriminatory market access,” in wording the Europeans saw as a concession from the Chinese on freeing their economy.

The EU is increasingly unhappy that markets in Europe are wide open to Chinese companies, while the equivalent is not the case in China.

“We are insisting that European firms in China should enjoy the same rights as Chinese firms in Europe,” European Commission head Jean-Claude Juncker told a conference just minutes before also meeting with Prime Minister Li.

The declaration also said China and the EU would press on with efforts to reform at the World Trade Organization (WTO), including on strengthening rules against state subsidies for industry, a key concern of China critics.

“This is a breakthrough. For the first time China has agree to engage with Europe on this key WTO reform,” Tusk said after the talks, adding that both sides would discuss progress on the issue at the next summit.

The annual meeting comes as Brussels is trying to beef up its approach to the Asian giant on trade matters and security.

A major concern is China's ambitious “Belt and Road Initiative” (BRI), a massive network of transport and trade links stretching from Asia to Europe.

EU powers such as France and Germany are growing ever more uneasy with the project after populist-led Italy joined the scheme, becoming the first G7 member to do so.

Italy's move ran against the Commission's 10-point plan proposing a more assertive relationship with Beijing.

It also underlined Europe's struggles to maintain unity among its 28 members when it comes to China, allowing the superpower to pursue one-on-one deals, especially with countries hungry for investment such as Italy, Greece and eastern Europe.