China's Domestic Demand Is Sluggish and Its Trade Surplus with Europe Has Reached a Record High. The European Chamber of Commerce Says This Situation Is Unsustainable.

epochtimes.de

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The European economy is alarming about China's continuing export boom while at the same time weak domestic consumption. In the face of a massive trade deficit and unfair practices, the EU Chamber of Commerce warns against an unsustainable course, while Brussels threatens to take tough countermeasures.

Hospodárske Noviny

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The decline in domestic demand is significantly complicating the lives of European companies in China. At the same time, they are being harmed by trade disputes between China and the US, which is why they are anxiously awaiting negotiations between the American and Chinese presidents in the US this week. TASR reports this based on a report by the AFP agency. Despite Beijing's...

القدس العربي

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Beijing: The European Chamber of Commerce in China stressed on Tuesday the need for Europe to rethink its trade relations with China in light of the continued growth of the trade imbalance between the two sides. “I think our concern is that if we see these movements here, they raise some basic questions about trade” between the two sides, said Jens Esclund, president of the Chamber in Beijing. He added that [...]

rti.org.tw

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The European Union Chamber of Commerce in China stated today (22nd) that sluggish consumer demand in China is posing significant challenges to European companies operating in the country, and major businesses are closely watching the upcoming "Xi-Trump meeting." AFP reports that since the end of the COVID-19 pandemic, Beijing has struggled to boost domestic consumption; simultaneously, the previously robust real estate sector faces a long-term d…