EU trade deficit with China reaches record €1bn a day, data shows

Import and export figures come as European leaders prepare to meet this week to address growing imbalanceThe EU’s trade deficit with China has reached a record €1bn (£0.8bn) a day, according to official trade data, fuelling concerns over the future of Europe’s “industrial backbone”.The gap between the EU’s imports from China and exports to China amounted to €31.9bn in April, according to the latest import and export data from the EU statistics body Eurostat. Continue reading...