Archive for the ‘Beiijing’ Category

Yawning trade gap to top agenda at EU-China summit

November 28, 2007

By Peter Harmsen BEIJING (AFP) – European economic and political leaders were expected Wednesday to place China’s currency and trade surplus firmly at the top of the agenda at an annual one-day summit in Beijing.

European Union chiefs made clear in the lead up they would focus on a trade imbalance that grows by 15 million euros (22 million dollars) every hour, but they have said they wanted to avoid protectionist measures.

“We… need to identify a solution to solve this question, and I hope that it is a cooperative one,” Serge Abou, the EU’s ambassador to China, said in an opinion piece in the China Daily newspaper published Wednesday.

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