EU will not be snubbed by Beijing, Chinese ambassador assures Germany
- Germany and Europe will gain momentum from China’s ‘dual circulation’ policy, ambassador Wu Ken tells business leaders and politicians
- China and the EU are upping the pace in talks on long-delayed investment treaty, he says
An assurance on Tuesday from Beijing’s ambassador Wu Ken that the bloc will still be a key partner of China – along with a telephone call between the nations’ leaders Angela Merkel and Xi Jinping – came as China and Germany face difficult bilateral challenges, including completing a major EU investment deal and facing falling public opinion of China in Germany.
Addressing German and Chinese business leaders and politicians during the Belt and Road Economic Dialogue, held online on Tuesday, Wu sought to explain Beijing’s economic strategy after concerns that it would lead to China turning inward and relying less on imports.
“Germany and Europe will gain more momentum from China’s new ‘dual circulation’ development pattern,” Wu said, referencing a phrase used in Chinese policy circles since September.
Dual circulation, or developing “internal circulation” and “external circulation” in tandem, has been billed as a means to boost China’s internal market growth.
