EU Negotiator Says Trade Relations with China ‘Very Imbalanced’

(Bloomberg) — The European Union has a “very imbalanced” trade relationship with China, according to the EU’s chief trade negotiator.

While it is seeking to reduce its vulnerability when it comes to “strategic products,” that doesn’t mean the EU is disengaging with China, with which it has record trade, Valdis Dombrovskis, an executive vice president at the European Commission, said in a speech at the Bund Summit in Shanghai Saturday.