since the state visit of the Spanish Monarch to China. Throughout the visit, both countries emphasized the commitment to strengthening economic and diplomatic cooperation amid the tensions between China and Europe.
During the visit, Xi Jinping and Felipe signed the agreements concerning trade, science and technology, education, and language exchange. Both leaders announced cooperation in renewable energy, green technology, and Artificial Intelligence, which is crucial for Spain’s current energy transition. Xi Jinping noted that China is prepared to strengthen its strategic partnership with Spain.
China remains Spain’s largest trade partner outside the EU, while Spain continues to be one of the key European partners for China. In 2023, bilateral trade exceeded $50 billion, and Chinese investments in Spain reached $1.7 billion. Xi Jinping underscored 50 years of diplomatic relations between the two countries and also added that the two nations have “respected and supported each other, contributing to each other’s success”.
King Felipe VI praised China’s role in Spain’s economic development and green transformation, noting that Chinese investments have played a vital part in Spain’s renewable energy and production. Amidst global trade tensions and the Ukraine war, Spain’s engagement with China is growing; Madrid has positioned itself as one of Europe’s most pragmatic partners with Beijing.
Spanish Prime Minister Pedro Sanchez visited China six months earlier. He called for “more balanced relations between the European Union and China.” Madrid continues to cooperate in technology and trade while navigating EU concerns over security and market imbalances.
The three-day visit included stops in Chengdu and Sichuan province, where Felipe attended the China-Spain Business forum and met Spanish companies operating in the region. The event’s goal was to showcase expanded business ties and joint ventures in green hydrogen and electric battery production.
Global Times described China-Spain relations as “a model of International cooperation”, emphasizing the need for peace, trade, tourism, and cultural exchange. Over 40 Spanish companies are operating in Chengdu, and Sichuan Airlines recently launched a direct flight to Madrid.
The visit underlines the challenge Europe faces, where several member states are establishing close ties with China. Previously, there was criticism from the US about Spain’s close ties with China, while Brussels is debating technology security. While Spain is deepening ties with China, Xi Jinping demonstrates his ability to influence trade and technology in Europe.
Author: Mariam Sanadze
