China’s economic planner woos European giants Airbus, BMW despite unresolved tensions over Ukraine
CNNHong Kong CNN — China has signed letters of intent to cooperate with many European corporate giants, as it attempts to mend relations damaged by Beijing’s perceived support for Moscow throughout the war in Ukraine. The agreements were signed this week between China’s top economic planner and European manufacturing conglomerates, including Airbus, BMW, Mercedes-Benz, Volkswagen, Siemens, and BASF, according to statements from the National Development and Reform Commission. Beijing is seeking to repair its ties with Europe, which have been damaged by China’s aggressive “wolf warrior” diplomacy in recent years and its continued close partnership with Russia despite the invasion of Ukraine. “We do not want to close ourselves off to any one partner, but to establish and expand balanced partnerships throughout Asia and beyond.” Earlier this week, Italy imposed several curbs on tyre-making giant Pirelli’s biggest shareholder, China’s Sinochem, in a move aimed at blocking the Chinese government’s access to sensitive chip technology.
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