The Beijing Hour China, Spain reaffirm economic ties, support for multilateralism
Apr 11, 2025
Chinese President Xi Jinping and Spanish Prime Minister Pedro Sanchez discuss strengthening economic ties and supporting multilateralism against unilateral trade actions. The episode highlights China's significant tariff increase on U.S. goods and former South Korean President Yoon Suk Yeol's exit following impeachment. Cultural connections, particularly between Chinese and Vietnamese communities, showcase the rich interplay of culture and economy. The impact of tariffs on the gaming industry and international economic trends also take center stage.
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Xi Jinping's Call for Multilateralism
- Chinese President Xi Jinping urges China and the EU to protect economic globalization and reject unilateralism.
- He stated this during a meeting with Spanish Prime Minister Pedro Sanchez in Beijing.
Impact of Tariffs on Global Trade
- International trade is harmed by tariffs and trade barriers, impacting consumers and small businesses.
- Leaders should work towards global stability and growth, particularly between Europe and Asia.
Chinese Investments in Spain
- Chinese companies have invested over $10 billion in Spain, focusing on electric vehicles and battery factories.
- Cherry, a major Chinese car manufacturer, chose Spain as its first European market for its Omoda and JQ brands.