Amid global economic uncertainties, Chinese and European Union officials concluded the 16th China-EU Financial Dialogue in Brussels this week, pledging enhanced collaboration to stabilize markets and foster sustainable growth. Co-chaired by Chinese Vice Minister of Finance Liao Min and EU counterparts, the talks focused on aligning macroeconomic strategies and expanding partnerships in audit oversight, government procurement, and climate finance.
Vice Minister Liao reaffirmed China's commitment to upholding multilateral trade systems, stating: "Our dialogue with the EU sends a clear signal against unilateral protectionism. Through coordinated policies and open procurement markets, we can create stable growth foundations for businesses worldwide."
Both sides agreed to intensify cooperation through G20 platforms and multilateral development banks, particularly in addressing debt sustainability in developing economies. The EU delegation highlighted joint efforts to standardize green finance frameworks and strengthen audit supervision mechanisms – measures expected to benefit multinational corporations operating across both markets.
The dialogue concluded with mutual commitments to regular ministerial consultations, aiming to balance trade investment flows while managing differences through diplomatic channels. Analysts suggest this coordination could streamline supply chains for tech and renewable energy sectors, where China and Europe maintain complementary strengths.
