Spanish Prime Minister Pedro Sanchez is set to visit China from Thursday to Friday, in his 3rd journey to the country in three years.During the go to, Chinese President Xi Jinping will consult with Sanchez, and Premier Li Qiang will hold talks with him.China wishes to take the go to as a chance to deepen strategic shared trust, expand open cooperation, jointly address worldwide obstacles and attain brand-new progress for the China-Spain thorough tactical collaboration from a new beginning point, said Lin Jian, a representative for the Chinese Foreign Ministry, on Tuesday.Sanchezs go to comes as this year marks the 20th anniversary of the China-Spain detailed strategic collaboration and the 50th anniversary of diplomatic relations between China and the European Union.An increase of bilateral tiesThe Spanish prime minister intends to look for brand-new chances in Chinas open market, improve bilateral cooperation in essential sectors and enhance bilateral relations during his two-day check out, according to Spanish TV channel Antena 3.
Sanchez last visited China in September 2024, when the two sides signed files on bilateral cooperation on economy, culture, education, science and technology, and green development.As the 4th biggest economy of the European Union, Spain is Chinas fifth biggest trading partner within the EU, and China is Spains top trading partner outside the EU.Bilateral trade has actually been on the rise in the last few years.
Trade in between China and Spain broadened from $37.9 billion in 2020 to $48.6 billion in 2023, up about 28.23 percent, according to Chinas customizeds data.Spain is likewise the second-largest auto manufacturer in Europe and the eighth-largest globally.
In April 2024, Chinese carmaker Chery Automobile and Spanish group Ebro-EV Motors released a joint venture in Barcelona to develop electrical vehicles.This collaboration successfully combines Cherys technological proficiency with Ebros brand strength, said Lou Qinjian, spokesperson for the 3rd session of the 14th National Peoples Congress, Chinas national legislature, during the Two Sessions in March.
By fully using existing facilities with reasonably low additional investment, it has actually revitalized the locally precious Ebro brand name while creating a lot of local jobs, stated Lou, adding that the project serves as a shining example of successful collaboration in between China and Spain.The two countries collaboration extends far beyond financial ties.
During a conference with his Spanish equivalent Jose Manuel Albares Bueno on the sidelines of the Munich Security Conference in February, Chinese Foreign Minister Wang Yi said China and Spain have kept sound interaction and coordination in worldwide affairs.With the existing international scenario in change and turbulence and the world facing the risk of a go back to the law of the jungle, the two nations must collectively practice multilateralism, promote the democratization of worldwide relations, build broad international agreement, and interact toward equivalent and orderly multipolarity, Wang said.A reconsider on China-EU tiesSanchezs visit to China comes versus the background of worldwide financial chaos set off by the United States imposition of sweeping tariffs on the majority of its trading partners.What the United States is doing to worldwide trade must press Europe to modify its determination to find other new partners and open new markets, Sanchez stated in Vietnam on Tuesday, according to Bloomberg.
Sanchez began his Asian tour in Vietnam before heading to China.He gotten in touch with the EU to review its relationship with China.
The circumstance with the United States means everybody requires to adjust, and this consists of Europe altering its position towards China, but likewise China towards Europe, Sanchez stated, according to Bloomberg.Asked about what role China thinks Spain and the EU can play in alleviating a continuous trade war in between Beijing and Washington on Wednesday, Lin, the Chinese Foreign Ministry spokesperson, noted a telephone discussion between Chinese Premier Li Qiang and European Commission President Ursula von der Leyen a day earlier.During the talks over the phone, the two leaders stressed the significance of protecting totally free and open trade under the existing circumstances.
Lin stated the telephone conversation is sending a positive message to the world.Noting that both China and the EU are advocates of economic globalization and trade liberalization and company defenders and supporters of the World Trade Organization, he stated both sides require to jointly secure complimentary and open trade and financial investment, keep the global industrial and supply chains stable and unimpeded, and supply more stability and certainty to the economy of both sides and the world.Lin stated Spain is a crucial economy in the EU and likewise an important cooperation partner of China in the EU.A China-Spain relationship taking pleasure in tactical stability and devoted to open cooperation and shared advantage contributes to the improvement and growth of China-EU relations, he added.