EU-China trade progress welcomed, yet trust issues linger

BRUSSELS — The EU and China are in a good place to talk after last week’s trade deal on hybrid cars, but challenges remain, panelists at POLITICO’s European Resilience Summit on Wednesday agreed. “From the Chinese business perspective this is very welcome,” said Linlin Liang of the China Chamber of Commerce to the EU, calling the understanding reached in Beijing “quite balanced from our perspective.” An agreement to halve China's exports hybrid vehicles to Europe was the main deliverable brought home by Trade Commissioner Maroš Šefčovič.