Zürcher Nachrichten - Spain's Sanchez seeks closer China ties amid strains with US

EUR -
AED 4.130721
AFN 73.110699
ALL 91.545041
AMD 406.371943
ANG 2.013098
AOA 1031.414765
ARS 1701.814365
AUD 1.616015
AWG 2.025993
AZN 1.908858
BAM 1.961591
BBD 2.265591
BDT 138.363076
BGN 1.965909
BHD 0.424932
BIF 3366.692841
BMD 1.124771
BND 1.442596
BOB 13.189282
BRL 5.730814
BSD 1.124921
BTN 106.868498
BWP 15.465476
BYN 3.395373
BYR 22045.502364
BZD 2.262381
CAD 1.592596
CDF 2602.159067
CHF 0.926091
CLF 0.028055
CLP 1104.164635
CNY 7.526067
CNH 7.52115
COP 3573.564685
CRC 512.00485
CUC 1.124771
CUP 26.997141
CVE 110.611213
CZK 24.33115
DJF 200.316992
DKK 7.474944
DOP 68.966171
DZD 151.323286
EGP 60.123601
ERN 16.871558
ETB 183.742129
FJD 2.550586
FKP 0.848564
GBP 0.843842
GEL 2.912671
GGP 0.848564
GHS 13.087965
GIP 0.848564
GMD 82.672308
GNF 9895.930244
GTQ 8.593899
GYD 235.276415
HKD 8.827137
HNL 30.202669
HRK 7.535402
HTG 147.303023
HUF 363.319961
IDR 20257.117223
ILS 3.476891
IMP 0.848564
INR 106.794147
IQD 1704.21145
IRR 2019950.088067
ISK 136.202186
JEP 0.848564
JMD 178.87066
JOD 0.797495
JPY 177.673816
KES 146.096666
KGS 98.361467
KHR 4568.359878
KMF 494.898567
KPW 1012.293432
KRW 1498.571111
KWD 0.349556
KYD 0.937422
KZT 509.79887
LAK 25301.857319
LBP 100705.726339
LKR 372.360522
LRD 191.792869
LSL 18.589132
LTL 3.321155
LVL 0.680362
LYD 7.226619
MAD 11.023905
MDL 20.214541
MGA 5066.881851
MKD 61.827526
MMK 2361.788406
MNT 4047.385157
MOP 9.092438
MRU 45.074283
MUR 53.122935
MVR 17.389423
MWK 1950.21283
MXN 20.680194
MYR 4.59199
MZN 71.864009
NAD 18.588634
NGN 1497.564647
NIO 41.399765
NOK 10.63155
NPR 170.989958
NZD 1.983606
OMR 0.432471
PAB 1.124921
PEN 3.869612
PGK 5.105959
PHP 70.847065
PKR 311.395868
PLN 4.366545
PYG 6406.050922
QAR 4.100434
RON 5.33737
RSD 117.431645
RUB 93.886005
RWF 1659.802556
SAR 4.220339
SBD 9.070878
SCR 15.60432
SDG 676.548046
SEK 11.129262
SGD 1.439183
SHP 0.848915
SLE 27.758639
SLL 23585.88055
SOS 642.915181
SRD 42.33805
STD 23280.479043
STN 24.576816
SVC 9.842676
SYP 14624.266061
SZL 18.582162
THB 37.576288
TJS 10.365984
TMT 3.947945
TND 3.377873
TOP 2.708177
TRY 55.706736
TTD 7.634795
TWD 36.451451
TZS 2969.450021
UAH 50.459964
UGX 4527.17003
USD 1.124771
UYU 45.242211
UZS 13454.111333
VES 988.572741
VND 29116.934678
VUV 134.338985
WST 3.12785
XAF 655.957
XAG 0.019422
XAU 0.00026851471
XCD 3.039749
XCG 2.027318
XDR 0.795271
XOF 655.957
XPF 119.331742
YER 265.614686
ZAR 18.478951
ZMK 10124.286481
ZMW 22.413153
ZWL 362.175651
SSP 6512.916304
MXV 2.334999
  • CMSC

    0.1700

    19.88

    +0.86%

  • RYCEF

    0.1500

    18

    +0.83%

  • GSK

    1.1500

    49.02

    +2.35%

  • RBGPF

    0.0000

    71.5

    0%

  • BCE

    0.5100

    20.18

    +2.53%

  • AZN

    4.6500

    166.68

    +2.79%

  • BTI

    1.3400

    58

    +2.31%

  • BP

    -0.3700

    48.44

    -0.76%

  • NGG

    0.5600

    79.07

    +0.71%

  • RIO

    -1.0400

    90.21

    -1.15%

  • BCC

    1.5000

    75.48

    +1.99%

  • VOD

    0.3400

    15.85

    +2.15%

  • JRI

    0.2135

    10.48

    +2.04%

  • RELX

    1.4900

    38.42

    +3.88%

  • CMSD

    0.2200

    19.85

    +1.11%

Spain's Sanchez seeks closer China ties amid strains with US
Spain's Sanchez seeks closer China ties amid strains with US / Photo: Borja Puig de la Bellacasa - LA MONCLOA/AFP

Spain's Sanchez seeks closer China ties amid strains with US

Spanish Prime Minister Pedro Sanchez begins a three-day visit to China on Monday, aiming to strengthen trade ties with the world's second-largest economy as relations with the United States show signs of strain.

Text size:

The trip marks Sanchez's fourth visit to China in four years as he seeks to position Spain as a key bridge between China and the 27-member European Union.

The visit comes amid tense relations with Washington under President Donald Trump, whose tariffs and unpredictable foreign policy have raised concerns among European allies.

Leaders from Britain, Canada and Germany have recently visited Beijing, and Trump is expected to travel there in May.

Trump threatened last month to cut trade with Spain after the country denied the use of its military bases for US strikes against Iran, a key economic partner of Beijing.

Spanish government sources said a primary goal of the trip is to secure greater market access, particularly for agricultural and industrial goods, and to explore joint ventures in the technology sector.

Sanchez is also expected to use the visit to attract new investors for the eurozone's fourth-largest economy and to gain access to China's critical raw materials.

On Monday, he is scheduled to visit the headquarters of Chinese tech giant Xiaomi and tour a technology exhibit at the Chinese Academy of Sciences.

Sanchez is set to meet top Chinese officials, including President Xi Jinping and Premier Li Qiang, on Tuesday and hold a press conference.

China's exports to Spain far exceed Spanish exports to the Asian country.

Last year, Spain, with a population of around 50 million, ran a trade deficit of 42.3 billion euros ($49.1 billion) with China, a country of more than 1.4 billion people.

The government has said that Spain's exports to China rose 6.8 percent in 2025, crediting the growth to strong ties with Beijing.

During Sanchez's visit to China in April 2025, Beijing agreed to expand access for a range of Spanish products, including pork and cherries.

- Spanish 'gateway' -

Spain holds special appeal for Chinese investors, in part because its economy is growing at one of Europe's fastest rates and energy costs remain relatively low, said Claudio Feijoo, a China expert at the Technical University of Madrid.

"China perceives Spain as relatively friendly, less confrontational toward China than other countries and likely more independent from Washington. This allows for more autonomous decision-making," he told AFP.

"Spain is also seen as a gateway to Europe, Latin America and North Africa. It can function as a hub -- a place from which multiple markets can be accessed at once."

Agricultural products have the greatest potential in China, he said, noting that the country "cannot produce all the food it needs, or at least not at the quality required by its population", while Spain is a major producer of many food items.

Chinese foreign ministry spokeswoman Mao Ning on Wednesday called Spain "an important partner of China within the EU", adding that Sanchez's visit offers a chance to "promote bilateral relations to an even higher level".

King Felipe VI and Queen Letizia paid a state visit to China last November, the first by a Spanish monarch in 18 years, highlighting the closeness of ties.

Sanchez, one of Europe's few remaining left-wing leaders, is travelling with his wife Begona Gomez and Foreign Minister Jose Manuel Albares.

T.Furrer--NZN