European Chamber urges China to curb overcapacity ahead of crucial trade talks
According to Nikkei Asia, European companies operating in China are urging the government to address overcapacity and intense price competition ahead of crucial talks next month, highlighting concerns that the influx of Chinese products could hollow out European industries. The report notes a bloc's lengthy list of concerns about the trade imbalance and the uphill battle to address it.
Key facts
- 01European companies operating in China are urging the government to address overcapacity and intense price competition
- 02The concerns are tied to a broader trade imbalance and potential hollowing out of European industries
- 03The push comes ahead of crucial talks next month
- 04The report was released Tuesday
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