To the People

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Wednesday, October 17, 2007

EU in Trade Deficit with China

The United States isn’t the only country to have an uneven balance of trade with China. EU Trade Commissioner, Peter Mandelson, is worried about the very same problem for Europe. The trade deficit is increasing at the astounding rate of 10 million pounds an hour, leading Mandelson to comment that China’s industry is “to some extent, out of control.” Now it looks like Europeans are worried about the fairness of Chinese trading policies. Story from the BBC.

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