EU Signals Emergency Import Curbs After Dramatic Growth in Chinese Trade Gap The European Union is facing a critical moment in its trade relations with China, as the latest figures show a staggering 24% increase in China's export surplus to the EU in the first half of the year.
This dramatic growth has left Brussels scrambling to contain the damage. Beijing's economic model, built on exports and state led investment, has long been a point of contention with its trading partners.
The EU's own trade commissioner, Valdis Dombrovskis, has repeatedly warned that China's mercantilist policies are unsustainable in the long term.