EU's Kallas warns that China needs to rebalance trade relationship with EU

BRUSSELS, July 2 (Reuters) - The European Union's top diplomat Kaja Kallas told Chinese foreign minister Wang Yi on Wednesday that Beijing needed to rebalance its trade relationship with the EU and warned Chinese companies' support for Russia's war in Ukraine posed a serious threat to European security.

"She also called on China to put an end to its distortive practices, including its restrictions on rare earths exports, which pose significant risks to European companies and endanger the reliability of global supply chains," the EU readout said.