Beijing threatens retaliation over EU moves to curb China imports

(Max Griera – Politico) China on Saturday warned the EU against imposing new trade restrictions, as Brussels prepares a broad crackdown on Beijing’s industrial overcapacity amid mounting fears for the future of European manufacturing. “If the EU insists on unilaterally introducing new trade instruments and adopting discriminatory restrictions, China will take resolute countermeasures and effective steps to safeguard its own interests,” the Chinese ministry of commerce said in a statement. “Communication channels between China and the EU remain open. The two sides are exploring the establishment of a trade and investment consultation mechanism and will carry out related dialogues,” the ministry said. – Beijing threatens retaliation over EU moves to curb China imports – POLITICO