Another drop in EU-China trade in May, new Chinese customs data show

First 5 months of 2024, bilateral trade down 4.5%.

🇪🇺Chinese exports to EU down 3.9%, imports from EU down 5.6%
🇩🇪China's imports from Germany down 12.9% this year
🇳🇱China's Dutch imports up 31.2% (ASML)

🚨🇳🇴Norway's gas exports to the🇪🇺EU dropped by more than 20% because of a severe outage at one key Norwegian facilities.
Instantly,🇪🇺EU markets entered in crisis mode and TTF prices spiked more than 10%. The🇪🇺🇳🇴gas interdependency is absolutely critical for energy security.
🧵

Today in #Paris | Analysts & Director Steven Everts presented our new Chaillot Paper on 'Contestation in Global Politics' to high-level officials.

🤔 What role should 🇪🇺 play in a contested world order? Read our recommendations ⤵️
iss.europa.eu/content/contes…

Chinese investment in Europe dropped to lowest level since 2010 last yr

Just €6.8bn in 2023, from MERICS / Rhodium report

merics.org/en/report/dwin…

Meer schaliegas uit de VS is het resultaat. Fors hogere CO2-uitstoot daardoor als we buiten onze eigen postzegel Nederland durven kijken naar energiebeleid.

Taiwan agrees to buy LNG past 2050. AKA energy security trumps net-zero ambitions
🇹🇼 🤝 🇶🇦

🚢 Qatar will supply 4 million tons/year for 27 starting later this decade. This is *A LOT* for Taiwan
☢️ Taiwan is phasing out nuclear power by 2025, which will increase gas needs

Daar word je toch gek van als bedrijf. Wel, niet, wel en dan toch weer niet…. Onvoorstelbaar.

'Voorlopig toch geen gaswinning boven Schiermonnikoog' fd.nl/bedrijfsleven/…

Nuctech is suing the EU over the dramatic dawn raids on its Rotterdam and Warsaw premises in April.

“Nuctech has appealed to the General Court of the EU against the Commission decision to inspect Nuctech’s offices on suspicion of breaching the EU FSR'

xm.com/my/research/ma…

1/7
It is pretty clear to me that global trade conflict is likely only to get worse, mainly because the two sides cannot even agree on what the disagreement is about. According to Bloomberg, China's Commerce Minister...

bloomberg.com/news/articles/…

7/7
For now, Beijing is stuck with its need to expand its share of global manufacturing. The US, India and Japan clearly do not want to to balance this expansion, and developing countries are too small. That's why European acquiescence is so important.

Are you passionate about the Middle East, North Africa and the Gulf region?

Have you studied the #MENA region and got ideas what the EU can do differently and better?

Come and join EU Institute for Security Studies and help shape EU policy-making towards a vital region in flux: ⤵️

🚨 We're hiring 🚨 a Senior Analyst for #MENA to join our dynamic & passionate team at EU Institute for Security Studies.

Analyse key trends & inform critical EU decisions.

➡️➡️ Apply here: iss.europa.eu/content/senior…

What Scholz said in Beijing in April:he „agreed with Xi: Germany & China will consult intensively & positively on support of high-ranking conference in Switzerland & future peace conferences“.

What Scholz got: Beijing‘s intense negative campaign against Switzerland conference.

De uitgangspositie van bedrijven in de EU, en Nederland, is zorgwekkend. Europa verwaarloosde te lang de leveringszekerheid van energie, waarschuwt HCSS adviseur Lucia van Geuns. 'CFO’s moeten zich beter voorbereiden op toenemende geopolitieke risico’s.'
accountantweek.nl/artikel/financ…

Zelensky says China working hard to 'prevent' countries from attending peace summit

Wow - Zelensky has totally changed tack. Previously very reluctant to criticise Beijing

rfi.fr/en/internation…

Austria is more reliant on Russian gas now than before Russia invaded Ukraine

US official responds to speech from Chinese defence minister Dong Jun at IISS ShangriLa Dialogue in Singapore 👇 (IISS News #sld24 )

Beijing sent a five-page letter to EU trade chief Dombrovskis calling for a truce in the unfolding trade war, Politico reports

'China threatens to hit EU aviation and food exports if it doesn’t back down from imposing duties on Chinese EVs'

politico.eu/newsletter/bru…

The U.S. has been promoting “integrated deterrence” with allies & partners — calling the U.S.-Japan alliance “the most important alliance on the planet.”

“Japanese units are within the formation, & are nearly indistinguishable in how we share, track & our ability to operate…

🚨Beijing announces export control on parts and engines of aerospace equipment and gas turbines

US, Germany, Saudi Arabia the top importers of “aircraft, spacecraft and parts thereof” from China during the first 4 months of 2024

by Siqi Ji

scmp.com/economy/china-…