EU summit tension is increasing. 23, the EU Trade Commissioner Peter Mandelson and his party arrived in Shanghai, China began a six-day visit. Before leaving, he again released relentless warned that if China can not help to reduce the (EU) "unsustainable" trade deficit, the EU may be forced to take anti-dumping measures. Pressure on the exchange rate EU diplomatic missions introduced Monday, Mandelson will arrive in Beijing,
griffeys, met with Chinese Ministry of Commerce, General Administration of Quality Supervision, Inspection officials to participate in a food security forum and meet with EU companies,
jordan heels, followed by the main event - China-EU Summit and China-EU Business Summit. Trade surplus and exchange rate Mandelson is expected to be key topics of the talks, recently he has repeatedly said in public, if the problem is not resolved,
nike heels for sale, the EU will take strong measures. This year, the continued appreciation of the RMB against the U.S. dollar failed to benefit the EU, the euros rapid rise, resulting in devaluation of the yuan against the euro and even. The exchange rate changes makes Chinas exports to the EU continued to increase, more will be part of some exporters to the U.S. business into the European Union. The resulting trade deficit for Mandelson unbearable,
nike air max jr, he accused China of restricting foreign companies enter the Chinese market, and that China depressed the value of the renminbi. Import control Mandelson warned that if Beijing does not take action to remove market barriers, he will face increasing pressure to China to adopt a more for the tough action. The tougher action refers to is the growing number of anti-dumping on China, he had also proposed that will allow the European Commission received the company is no longer required to appeal to China began to launch anti-subsidy investigations directly. Previously, the EU had received Chinese shoes anti-dumping duties, has made the Chinese textile and apparel safeguard investigations. Mandelson said the EU trade deficit with China at an hourly rate of $ 20 million annual rate of 20% more to rise, the growth rate has been higher than the U.S. trade deficit growth. Ministry of Commerce spokesman Wang Xinpei responded at a news conference the day before yesterday said that China-EU trade imbalance is the result of economic globalization, China to undertake the international industrial transfer in the surplus generated on the European industry , and the EU-funded enterprises in China China sales activities instead of direct exports. He said EU companies in China in 2006 sales in China has reached 206.6 billion U.S. dollars,
griffey shoes freshwater, exports 432 million U.S. dollars. He wants the EU to lift its export restrictions on high-tech to help China to expand imports.