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China and Europe make up after averting trade war

China and Europe make up after averting trade war

China and the European Union sought to mend ties after narrowly avoiding a trade war this year, but the EU’s trade chief told Beijing to stop handing out state subsidies that Brussels says are illegal.

Europe is China’s most important trading partner and for the EU, China is second only to the United States, but the bilateral relationship has been bedevilled by a series of damaging trade rows ranging from steel and wine to solar panels.

“China is ready to work with the European Union to set out a comprehensive plan for the future of EU-China relations,” China’s Vice-Premier Ma Kai told a news conference alongside the EU’s two most senior economics and trade officials.

China and Europe make up after averting trade war

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