China and Europe should not fight trade wars, Chinese foreign minister says

BEIJING – China and Europe should not fight trade wars because the pair are comprehensive strategic partners, Chinese Foreign Minister Wang Yi told his German counterpart in a call, according to a statement from Beijing. Germany has been one of the leading voices in the EU expressing concern about unbalanced trade with China due to industrial overcapacity and an undervalued currency. Wang told German Foreign Minister Johann Wadephul that strengthening mutually beneficial bilateral cooperation aligns with both sides’ interests and represents the “right choice”, China’s foreign ministry said late on Sept 21. “China and the EU are comprehensive strategic partners;…