Chinese President Xi Jinping visits France, Serbia, and Hungary to discuss trade imbalances and expand China’s economic influence, amidst concerns over the potential for divisions within the EU and NATO.
Chinese President Xi Jinping embarked on a notable European tour, visiting France, Serbia, and Hungary, marking his first trip to the region since 2019. The tour started with arrival in France where Xi and his European counterparts discussed major topics including the Ukraine conflict and trade tensions particularly related to the electric vehicle sector. French President Macron emphasized the need to address imbalances in trade while EU leadership voiced concerns over Chinese subsidies that could distort the market.
Following France, Xi’s itinerary included stops in Serbia and Hungary, both known for their close ties with China and Russia, and their strategic roles in China’s Belt and Road Initiative. In Serbia, China has invested significantly across various sectors including infrastructure which encompasses modernizing the railway link with Budapest. Similarly, Hungary has seen substantial Chinese investment, highlighted by the recent inauguration of a major electric vehicle production factory, underlining its pivotal position within the EU in terms of expanding China’s economic influence.
Throughout his engagements, Xi aimed to deepen relationships and stressed China’s role in promoting global peace and stability. However, this visit also sparked concerns among several European nations regarding potential divisions within the EU and NATO, and the broader implications of China’s growing influence in the region. The tour reflects a strategic positioning by China as it seeks to leverage European divisions and bolster its global presence amidst complex geopolitical dynamics.