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Wang Yi Praises Austria Model Amid €360bn EU Surplus

6/26/2026

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Story summary
  • Chinese Foreign Minister Wang Yi met Austrian Foreign Minister Beate Meinl-Reisinger in Beijing on June 25, 2026 and praised Austria’s pragmatic policy as a Europe-China model.
  • China’s goods trade surplus with the EU hit €360.6 billion in 2025, a 15 percent rise, prompting France to push for firmer stance while Germany and Spain stay cautious.
  • Around 650 Austrian firms operate in China, with Xpeng evaluating Austrian contract manufacturers for European production.