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China and Austria launch new business council as Beijing pushes for equal footing

Milena Thomas
Published Nov 7, 2026
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Summary:
  • Beijing and Vienna set up a joint business council and held the first session in Beijing on Friday.
  • China's Commerce Minister Wang Wentao called on Austria to ensure Chinese firms face a fair, open, non-discriminatory setting when they invest and operate in the country, per a ministry note posted Saturday.
  • According to Austria's Economy Minister Wolfgang Hattmannsdorfer, Vienna is aiming for an economic relationship that is both steadier and more even, intends to increase exports to China, and remains receptive to Chinese investment.

Council launch and messages

The new China Austria business council convened its debut meeting in Beijing on Friday. At the session, Commerce Minister Wang Wentao pressed for equal treatment for Chinese companies in Austria, highlighting the need for a fair, open, and non-discriminatory playing field.

The Commerce Ministry published details on Saturday. Austrian Economy Minister Wolfgang Hattmannsdorfer said his government seeks a steadier and more even economic relationship with China, plans to expand sales into the Chinese market, and welcomes capital from Chinese firms.

Understanding global relationships can sharpen an investor's perspective when seeking better tools. We're hosting our first ever investor livestream on 11/17 to show you how to use ChatGPT and Claude to invest like a pro, hosted by Briefs Finance CEO Jaspreet Singh. Save your seat.

Trade picture

Statistics Austria data shows China ranked as Austria's number two source of goods imports in 2025, at €17.5 billion, or $19.5 billion, up 13% from 2024. Austrian exports to China declined 5.4% to €5 billion. The result was a €12.49 billion goods trade deficit with China, Austria's largest gap with any single trading partner.

What it means for your portfolio

In plain English: Austria buys far more from China than it sells there, and both ministers are signaling they want to change the shape of that flow. Watch for whether the council's follow through - and any shift in investment treatment - nudges Austria's export line up or opens new lanes for Chinese capital.

Keeping up with evolving market connections helps investors look for smarter advantages. On 11/17, our CEO Jaspreet Singh goes live for our first ever investor livestream on how to use ChatGPT and Claude to invest like a pro. Register to join him.

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