EU plans high-level China currency talks as fears of new trade shock mount

After convincing China to accept a cap on its hybrid car exports, a stream of top-level European finance and banking officials will descend on the Chinese capital in the coming months on a far trickier mission: persuading Beijing to stop holding down its currency to help save the bloc’s struggling industry.In the week of November 23, top European Union economy officials led by director general Maarten Verwey will sit down in Beijing for a “macroeconomic dialogue” with their Chinese counterparts.Plans are in the works, meanwhile, for a heavyweight trio – from the European Central Bank, Eurogroup and European Commission – to follow them there around the turn of the year, though no final date has been set, according to multiple people familiar with the planning.