In an evolving landscape of international economics and politics, China’s relationships with the United States and European Union stand as pivotal components in the balance of global trade. Recent developments have brought the focus sharply on China's trade surplus, particularly with the EU and the U.S., igniting discussions on the potential role of joint ventures to address these imbalances.

A significant aspect drawing attention is the European Union's decision to approve anti-subsidy tariffs on electric vehicles (EVs) imported from China. This regulatory move is perceived as an attempt to shield the European EV industry from what it sees as unfair competition, stemming from China's significant subsidies to its EV manufacturers. In response, experts have highlighted Chinese investments abroad as a strategic approach to alleviate trade tensions and create a more balanced economic engagement.

At the forefront of this conversation is a leading Chinese researcher who asserts that increasing Chinese investments overseas could be the key to addressing the nation’s trade surplus. These investments, particularly through joint ventures, can open pathways for cooperative economic growth, offering mutual benefits while easing Beijing's considerable trade advantages over both the U.S. and the EU.

Joint ventures provide a collaborative platform where both domestic and foreign entities can benefit. By fostering technological exchange and leveraging each party’s market strengths, such partnerships could address the imbalance by integrating more deeply into foreign economies. This integration serves dual purposes: it not only helps to correct trade disparities but also enriches China’s global business footprint, potentially making Chinese enterprises more adaptable and competitive internationally.

Such a strategic pivot towards joint ventures aligns with China's broader economic policy goals, fostering an environment more welcoming to foreign investments while promoting Chinese technological and industrial expertise abroad. Successful joint ventures can stimulate economic activities in partner nations, creating jobs and boosting technological advancements, which in turn could reduce the need for protective tariffs and trade barriers that have currently been erected due to fears of economic inundation from low-cost Chinese products.

Beyond economic figures, deeper political undertones accompany these discussions. Navigating these waters calls for diplomatic finesse as China continues to expand its Belt and Road Initiative while seeking to sustain healthy relations with industrial giants like the U.S. and the EU. The geopolitical climate surrounding US-Chinese relations, exacerbated by concerns over intellectual property and market tactics, serves as a backdrop against which economic strategies must be carefully crafted.

In essence, leveraging joint ventures not only represents an economic tool but also a diplomatic instrument for China to mend trade relations with Western economies. As the world watches how these strategies unfold, the outcome could redefine trade dynamics and set precedence for international business collaboration in the 21st century, contributing to a more interconnected and balanced global economy.