Prime Minister Sanchez's Fourth Beijing Visit In Three Years And The Making Of A New World Order
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Spanish Prime Minister Pedro Sanchez visited China to seek better market access and tech investment, amidst a growing bilateral trade deficit and US-Iran tensions. The visit aims to sign a technology investment deal and address the trade imbalance between Spain and China.
Spanish Prime Minister Pedro Sanchez arrived in Beijing for a five-day official state visit. He aims to push for greater Chinese market access and sign a technology investment deal. The visit comes as the US blocks the Strait of Hormuz and China vows to keep its ships sailing. Sanchez addressed students at Tsinghua University, calling for China to open up to Europe. The EU has a trade deficit of €359.8 billion with China, with Spain's bilateral deficit at approximately €40 billion. Spain and China plan to sign a High-Quality Investment Agreement to ensure Chinese investments in Spain involve technology transfers and job creation.
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