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China's economic planner woos European giants Airbus, BMW despite unresolved tensions over Ukraine | CNN Business

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China has signed letters of intent to cooperate with many European corporate giants, as it attempts to mend relations damaged by Beijing’s perceived support for Moscow throughout the war in Ukraine

The agreements were signed this week between China’s top economic planner and European manufacturing conglomerates, including Airbus\n \n , BMW, Mercedes-Benz, Volkswagen\n \n , Siemens\n \n , and BASF, according to statements from the National Development and Reform Commission .

Relations are also strained from recent moves by European Union regulators and governments to limit China’s access to sensitive technology. Earlier this year, Europe joined the United States in its chip war with China, as the Netherlands announced new restrictions on overseas sales of semiconductor technology. The Netherlands is home to ASML Holding, a key supplier to the global semiconductor industry.

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