EU presses China on industrial overcapacity at Beijing summit

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The EU is worried China is increasing its industrial capacity, particularly in renewable energy products, at a time when Chinese domestic demand is weak and other trading partners such as the US are limiting access to their markets. This leaves Europe as an important target for an overflow of China’s exports. Valdis Dombrovskis, EU trade commissioner, told the Financial Times that Chinese overcapacity was “a cause for concern”, adding many countries’ markets were more protected against cheap Chinese exports. “Our trade relations are imbalanced. Last year we had an almost €400 billion [$660 billion] trade deficit,” Mr Dombrovskis said. “On...