Sharp China with Bill Bishop Wang Yi’s Message on Ukraine; Continued EU Tensions; Deflation and ‘Disorderly’ Competition; Extended Thoughts on Two Months of Xi Rumors
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Jul 10, 2025 Tensions between China and the EU rise as Wang Yi discusses Ukraine, urging a mindset shift rather than trade adjustments. Domestic economic challenges loom with overcapacity and fierce competition affecting consumption. Speculation circulates around Xi Jinping’s leadership and health, raising questions about his political future. Amidst this, the unique dynamics of TikTok's U.S. strategy and recent developments in Chinese basketball provide an entertaining backdrop to serious discussions.
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Wang Yi's Ukraine War Admission
- Wang Yi admitted to EU diplomats that China prefers the Ukraine war to continue to keep U.S. attention elsewhere.
- This candid statement breaks China's usual public neutrality stance and complicates EU-China relations.
China Challenges EU's Trade Criticism
- China accuses the EU of needing to "rebalance its mindset" rather than trade relations.
- This dismissive messaging worsens the strained EU-China economic relationship ahead of their summit.
Crackdown on Disorderly Competition
- China's top leadership now explicitly labels "disorderly low price competition" as a problem requiring regulation.
- This signals intent to control harmful industry price wars and tackle overcapacity in the economy.