China says it is ready to strengthen cooperation with the European Union on global economic imbalances, stressing dialogue and macroeconomic policy coordination. At a meeting with EU officials Valdis Dombrovskis, Christine Lagarde and Kyriakos Pierrakakis, Chinese Finance Minister Lan called imbalances a complex structural issue shaped by geopolitics and protectionism, and urged a comprehensive, objective assessment rather than reliance on isolated indicators. The talks come amid trade negotiations on autos, following an understanding a week earlier to limit Chinese hybrid vehicle exports to Europe. The EU seeks to reduce its trade deficit with China, which reached about 360 billion euros ($400 billion) in 2025.
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