China and Europe agree to discuss export controls in effort to dial down trade tension

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Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong/Taipei CNN — China and the European Union have agreed to exchange information on export controls as part of efforts to dial down tension over trade imbalances and geopolitical issues. Europe’s trade chief said the relationship was at a “crossroads” and the bloc’s exporters needed better access to the world’s second biggest economy. “Our relationship needs rebalancing to be mutually beneficial, based on transparency, fairness, predictability and reciprocity. I am glad that...