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Chinese, EU representatives call for closer trade, investment ties

China

China

China

Chinese, EU representatives call for closer trade, investment ties

2026-09-15 15:58 Last Updated At:16:07

Chinese and European representatives called for closer cooperation on trade, investment, electric vehicles and artificial intelligence at a round-table meeting in Hangzhou, eastern China's Zhejiang Province, on Monday, highlighting areas of shared economic interest despite strains in broader China-EU relations.

Thirty-seven representatives attended the 21st China-EU Round Table, co-hosted by the China Economic and Social Council and the European Economic and Social Committee, advisory bodies representing business, labor and other social groups.

The discussions covered poverty reduction, trade and investment, and artificial intelligence. Participants said cooperation between China and the European Union, two of the world's largest economies, remained important for trade and global growth.

Paul Rubig, a member of the Employers' Group at the European Economic and Social Committee, said stronger two-way investment could support trade and boost consumers' purchasing power.

"I think it's very good to see that the investment on both sides should be developed in a more professional way. So it's very interesting for China companies to invest into Europe and vice versa, because that would align a good trading policy. And if it's in products or in services, for the consumers it's important to gain buying power. And you gain buying power in export and import," said Rubig.

Electric vehicles were another focus of the talks, as Chinese new-energy vehicles gain a growing presence in Europe despite tariffs. Delegates said sharing experience could help make advanced electric-mobility technologies more widely available.

Ioannis Paidas, president of the International Association of Economic and Social Councils and Similar Institutions, said China had established a substantial lead in electric-vehicle technology.

"It is true that China has indeed pulled far ahead when it comes to electric vehicle technology. Even in Europe right now, millions of vehicles featuring Chinese electric technology with top performance are on the roads. In my own country, Greece, 60 percent of the electric buses that have been brought in for Athens and Thessaloniki are Chinese-made electric buses. It must be said here that because Europe has a great many automotive industries, China ought to share its latest developments in electric vehicle technology with Europe, so that Europe too can acquire cutting-edge technology for electric mobility," said Paidas.

Trade links between China and Europe have also continued to expand. The China-Europe Railway Express operated 12,988 services from January through July in 2026, up 17.6 percent from a year earlier, according to China State Railway Group.

Participants said the discussions showed continued scope for practical cooperation in trade, investment and emerging technologies.

Chinese, EU representatives call for closer trade, investment ties

Chinese, EU representatives call for closer trade, investment ties

Iran's Foreign Ministry spokesman Esmaeil Baghaei on Monday condemned Austria's "unjustified" move to deny the Iranian nuclear chief a visa and prevent him from attending an International Atomic Energy Agency (IAEA) conference in Vienna.

Making the remarks at a weekly press conference in Tehran, Baghaei stressed that the Austrian government, as the event's host, should have issued visas to members of the Iranian delegation in accordance with its obligations.

He said that Iran has summoned Austria's charge d'affaires in Tehran and explicitly conveyed its protest to the Austrian government.

Baghaei said they level accusations, issue resolutions and release "incorrect" reports against Iran, and then prevent Iranian representatives from going and defending their country in the international arena, describing such actions as "contradictory and a war in the diplomatic and legal areas to prevent Iran's voice from being heard by other countries."

He emphasized that Iran will use all its tools to prevent the achievement of that objective, adding that the Austrian government's pretext that it took the action under U.S. pressure in no way absolves it of its responsibility as the host government.

Iran's state-run IRIB news agency reported Monday that Austria has denied a visa to the president of the Atomic Energy Organization of Iran Mohammad Eslami, who was scheduled to deliver a speech at the 70th Regular Session of the IAEA General Conference in Vienna later in the day, citing "obstructionism" by the United States and certain other countries as the reason.

Iran's ambassador to the IAEA, Reza Najafi, raised the issue at the conference on Monday, saying Eslami's exclusion violated Iran's right as a member state to attend the event, and describing it as a serious incident that runs counter to the principle of sovereign equality established under the Statute of the IAEA.

Iran condemns Austria "unjustified" in denying nuclear chief visa

Iran condemns Austria "unjustified" in denying nuclear chief visa

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