European Union trade commissioner Maros Sefcovic arrives in Beijing on Thursday for two days of high-stakes talks with China, with Brussels seeking a pilot agreement to curb the surge in Chinese hybrid-car exports and reduce a trade deficit now running at around €1 billion per day.
Sefcovic and Chinese Commerce Minister Wang Wentao will co-chair the second EU-China Trade and Investment Council, with negotiations expected to continue into late Friday.