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China ready for dialogue with EU on global imbalances, finance minister says in Bangkok
Chinese Finance Minister Lan Foan met EU officials including ECB President Christine Lagarde in Bangkok on October 16, saying China is ready for dialogue with the EU on global economic governance and macro policy coordination.
Why it matters
This is the first high-level finance contact since China and the EU struck a deal a week ago to limit Chinese hybrid-car exports to the bloc. With the EU's trade deficit with China ballooning to 360 billion euros in 2025, "imbalances" are becoming the central variable in the bilateral economic relationship; Beijing's outreach in Bangkok sets the tone for follow-up talks.
What was discussed
Lan said global imbalances are a "complex economic structural issue" increasingly shaped by non-economic factors such as geopolitics and protectionism, and that all parties should view imbalances comprehensively and objectively, stepping up open cooperation and macroeconomic policy coordination, according to a Chinese finance ministry statement.
Context
Friday's meeting brought Lan together with EU economy commissioner Valdis Dombrovskis, ECB President Christine Lagarde and Eurogroup President Kyriakos Pierrakakis. A day earlier, PBoC Governor Pan Gongsheng made a similar call for a broader view of global imbalances at the G20 finance ministers and central bank governors meeting, also held in Bangkok.
Sources
Reuters, 2026-10-16.
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