Spain’s closer relationship with China is becoming a key business issue for companies exposed to trade, investment, clean technology, agrifood, and industrial supply chains. Prime Minister Pedro Sánchez’s April 2026 visit to Beijing confirmed stronger political dialogue between the two countries, while also highlighting unresolved concerns around Spain’s large trade deficit with China.
In this article, ETL GLOBAL Member Dezan Shira & Associates, through its publishing platform Asia Briefing, examines the main outcomes of the visit, including new bilateral agreements, investment plans, agrifood access, and Spain’s role as a preferred EU destination for Chinese clean-tech capital. The article also explains why Spain’s position differs from that of Germany, France, and Italy, with Madrid taking a more pragmatic approach to commercial cooperation while remaining within the EU’s wider China policy.
For businesses, the article offers useful insight into where opportunities may arise and where risks are increasing. Companies with links to Spain or China will need to watch EU trade measures, investment screening, supply chain exposure, and the practical impact of new agreements on market access and local production.
