EU stuck with China despite ‘de-risk’ efforts

News Snapshot:

The China problem has drawn concern from officials in Brussels. EU trade commissioner Valdis Dombrovskis told the Financial Times in an interview published on Monday that the “staggering” deficit between the EU and China underscored the need for Beijing to open its markets. “The China-EU trading relationship is very imbalanced,” said Mr Dombrovskis. “The level of openness from the Chinese side is not the same as the level of openness from the EU side.” Ties hard to break Yet EU officials increasingly accept that breaking ties with an economy that accounts for 14 per cent of global goods exports will...