Over €1 billion in trade deficit per day: that is the scale of the imbalances recorded between the European Union and China last year.
Meeting in Brussels for a European Council, on 18 and 19 June, EU Heads of State or Government will devote their working dinner on Thursday to ‘global macroeconomic imbalances’. Despite this fairly broad wording, the debate will focus almost exclusively on China, as European leaders now seem to agree on the existence of economic imbalances with...