REFILE-EU may need to reduce openness to Chinese imports without more reciprocity, von der Leyen says
BEIJING, July 24 (Reuters) - European Commission President Ursula von der Leyen suggested on Thursday that the EU may need to reduce its level of openness to Chinese imports without more reciprocity from Beijing, adding that Chinese leaders had started to look into this issue and expressed their willingness to support more consumption.
"Unlike other major markets, Europe keeps its market open to Chinese goods. This reflects our long-standing commitment to rules-based trade. However, this openness is not matched by China," von der Leyen told reporters after meeting with Chinese leaders in Beijing.
She added that overcapacity, subsidised production that did not match domestic demand and the restriction on Chinese imports by other markets, which in turn put pressure on the EU's single market, were also issues to be addressed.
"We need to see progress on this issue because without progress, it would be very difficult for the European Union to maintain its current level of openness," she added.
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