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FT News Briefing

Xi’s balancing act with Europe

May 6, 2024
12:22
Snipd AI
Warren Buffett's successor Greg Abel's role at Berkshire Hathaway, disagreement between US and Europe over managing Russia's frozen assets, President Xi Jinping's visit to Europe, college students pushing for divestment from Israel, and challenges with divestment.
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Podcast summary created with Snipd AI

Quick takeaways

  • Xi Jinping balances trade relations with Europe through charm and toughness
  • US and Europe disagree on managing Russia's frozen assets, highlighting legal and stability concerns

Deep dives

Xi Jinping's Mission in Europe

Chinese President Xi Jinping is in Europe to avoid a trade war and navigate EU investigations into Chinese companies. Europe, as China's second-largest trading partner, requires Xi to balance charm with toughness, threating export restrictions. Despite facing scrutiny, Xi plans to leverage Chinese investments in friendly nations like Serbia and Hungary.

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