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Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWireBEIJING/PARIS - Chinese President Xi Jinping heads to Europe for the first time in five years next week in a visit that may lay bare European divisions over trade with Beijing and how the continent positions itself as a pole between the United States and China.
Lin Jian, a spokesman for China's foreign ministry, said Xi's visit would"inject stability into the development of China-Europe relations and make new contributions to peace and stability in the world". European companies and governments have long complained of restricted access to the Chinese market and unfair competition. A Kiel Institute study estimated China's subsidies for its firms range between three to nine times other major economies.
German Chancellor Olaf Scholz in April pressed Xi for better market access for German firms. But on the EU anti-subsidy investigations, apparently anxious to avoid antagonising Beijing, he said the bloc should not act out of protectionist self-interest although competition should be fair. Noah Barkin, a senior adviser at the Rhodium Group and close follower of EU-China relations, said Macron would encourage Scholz to join him and European Commission President Ursula von der Leyen, for four-way talks with Xi in the French capital, as Paris seeks to present a united front. The Elysee Palace declined to comment.
Observers said Xi's choice of Serbia and Hungary was designed to pull closer two European countries that are pro-Russia and large recipients of Chinese investment, including financial aid for a delayed rail project linking their capitals.
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