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The European Union's trade chief emphasized the need for China to reduce the EU's trade deficit with China at the 14th Caixin Summit. Ursula von der Leyen and Charles Michel plan to travel to China for the first in-person summit with Beijing's leadership in four years, set to be held on December 7th-8th. Additionally, top EU and China climate change officials will meet in Beijing for talks next week, ahead of the United Nations' COP28 climate summit. The summit aims to renew interaction between Brussels and Beijing, with discussions covering a wide range of China-related topics, including macroeconomic policies, finance, business landscape, and relations with the U.S.
