Top EU Chamber Says Rethink Needed on Trade Imbalance with China

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China has long spoken of "win-win" in trade with other countries. But the EU Chamber of Commerce in Beijing sees the benefits only on one side - and expresses concern about the further development.

Noticias ao Minuto

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China is losing attractiveness as a market for European multinationals and gaining importance as an industrial and export platform, a transformation that threatens to exacerbate trade imbalances, alerted the Chamber of Commerce of the European Union today.

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China's trade surplus with Europe is growing, while price competition is intensifying. The EU Chamber of Commerce calls for trade to be profitable for Europe as well.