China Lifts Ban! After Lithuania Lost $12 Billion, Hope To Return To The Chinese Market #china

#china #chinanews #lithuania #europe #usa #trading #taiwan ✨✨✨✨✨✨✨✨✨✨✨✨ As a key member of NATO and the European Union, Lithuania has struggled to balance its national interests with conformity to the West. In 2021, Lithuania made a very surprising and bold decision: to withdraw from the “17 1“ cooperation mechanism and terminate a series of agreements and contracts with China. At the time, Lithuania’s move was seen as a clear signal to follow in the footsteps of the West. In response, the Chinese government also took tough measures, imposing a trade ban on Lithuania and cutting off trade ties between the two countries. In just two years, this decision caused Lithuania to suffer a trade loss of up to 12 billion US dollars. But recently, there is information that this tense bilateral relationship is undergoing a transformation. After experiencing huge economic losses, Lithuania fell into crisis and began to compromise with China. In November 2023, Lithuania sent officials from its economic department to participate in the Import Expo held in Shanghai, China, and emphasized its support for the “One Belt, One Road“ initiative at the meeting and sought further cooperation and development. In response to this positive gesture, China later announced that it had lifted its trade ban on Lithuania. However, given the accumulated conflicts and trade conflicts between the two sides in recent years, it is still a challenge for the two sides to achieve a complete relaxation of diplomatic relations in the short term despite the lifting of the trade ban on Lithuania. So, why did Lithuania suddenly change its attitude towards China at this point in time? There have been cracks in the trade trust between the two sides before this. Can Lithuania successfully return to the Chinese market in the future? ----------------------------------------------