S&Ds call for action to ensure a level playing field in EU-China trade relations

14 March 2016 / The Socialists and Democrats in the European Parliament have adopted a position paper with demands and proposals to ensure fair conditions are upheld in the European Union's trade policy towards China. The group also calls for a strategy to engage the EU's partners in the World Trade Organisation (WTO) to make sure that China is not granted full 'market economy' status before it actually complies with the rules.

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The march of the zombies: China’s excess industrial capacity harms its economy and riles its trading partners

27 February 2016 / The Economist reports on China's oversupply, and the fact that its huge exports of industrial goods are "flooding markets everywhere, contributing to deflationary pressures and threatening producers worldwide". The article dissuades China from exporting its overcapacity as "the flood of cheap goods onto foreign markets has already exacerbated trade frictions", as exemplified by the protest in Brussels on 15 February for free and fair trade and against granting China Market Economy Status. Read the article here (subscriber-only).

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US Democratic candidates warn against closer trade relations with China

22 February 2016 / Both US Presidential hopefuls campaigning for the Democratic nomination warn against closer trade relations with China. On his campaign website, Bernie Sanders states his firm belief that “current trade relations with China are detrimental to job growth” in the US and highlights that “a growing trade deficit with China has led to the loss of over 2 million US manufacturing jobs since 2001”. In this recent article, Hillary Clinton explains that she is opposed to granting market economy status to China because “if they get market economy status, it would defang our anti-dumping laws and let cheap products flood into our markets. (…) China is far from a market economy. If China wants to be treated like a market economy, it needs to act like one.”

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China’s Excess Production Has Intensified Slowdown, Business Group Says

22 February 2016 / The New York Times reports, "The failure of Chinese leaders to tackle the problem of excess industrial production has intensified an economic slowdown in the country and threatens to wreak havoc on global markets, [the European Union Chamber of Commerce in China] said in a new report on Monday. (...) “Without a sustained effort to address it now, overcapacity may well seriously impede the effectiveness of China’s economic reform agenda,” said Joerg Wuttke, president of the chamber." Read the full article here.

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EU businesses warn China on trade strains from overcapacity

22 February 2016 / The Financial Times' Lucy Hornby reports on the European Chamber of Commerce in Beijing's warning that "China’s crushing overcapacity risks inflaming trade tensions as well as swamping the country’s companies with debt". Jörg Wuttke, president of the European Chamber, told reporters in Beijing that China "can’t outgrow this problem any more” and that “politicians need to realise that [Chinese] overcapacity leads to job losses, which leads to protectionism in Europe.” Read the article here (subscriber only).

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China overcapacity 'wreaking far-reaching damage'

22 February 2016 / Deutsche Welle (DW) writes about a report recently released by the European Union Chamber of Commerce in China which warns that Chinese overcapacity is preventing the country's economic reform and damaging its trade relations. The EU industry is notably impacted, as visibly demonstrated in a march attended by 5,000 employers and employees on 15 February in Brussels. Read the full article here.

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European Business Group Urges China to Fight Industrial Overproduction

21 February 2016 / The Wall Street Journal (WSJ) reports that the European Union Chamber of Commerce in China called for Beijing to ramp up efforts to tackle excess production. This overproduction is harming eight key industries including steel, cement and chemicals, but is having knock-on effects in consumer sectors such as consumer electronics, pharmaceuticals, food and apparel. Journalist Laurie Burkitt highlights the industry march in Brussels to protest granting Market Economy Status (MES) to China, which would only worsen the situation. Read the article here (subscriber only).

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Complacency, protectionism: Why China won’t shut underused factories

21 February 2016 / The Washington Post reports that, “China’s industrial overcapacity is “sucking the oxygen out” of its economy, fueling a dangerous buildup in bad loans and now exacerbating trade tensions with the West. Yet although the Communist Party has been aware of the problem for years, it has failed to tackle it. Those are the findings of a new report by the European Chamber of Commerce in China that blames complacency, a lack of leadership and protectionism by local governments for China’s failure to address the problem. (...) The answer, [Chamber president Jörg Wuttke] said, was for the Chinese government to relinquish control of the economy to market forces, as it has promised to do." Read the full article here.

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EU-Industrie protestiert in Brüssel: 5.000 demonstrieren gegen chinesisches Dumping und Marktwirtschaftsstatus

15 February 2016 / Aus 17 europäischen Ländern sind heute über 5.000 Arbeiter und Unternehmensvertreter nach Brüssel gereist, um gegen chinesisches Dumping zu demonstrieren. Der Protest richtet sich vor allem gegen das Vorhaben der Europäischen Kommission, China den sogenannten Marktwirtschaftsstatus zu gewähren ("MES - Market Economy Status") und damit wirksame Antidumpingmaßnahmen zukünftig unmöglich zu machen. Das Industriebündnis AEGIS Europe, das 30 europäische Industrieverbände vertritt, hatte zur Demonstration aufgerufen.

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Europe needs YOU to respond to the Commission Consultation on China’s MES

11 February 2016 / If you care about jobs and growth in Europe, or the environment, then you should be concerned by the idea of the EU granting Market Economy Status (MES) to China. AEGIS Europe is calling on European trade unions, businesses and NGOs to respond urgently to the European Commission’s new public consultation on China’s MES issued yesterday on 10 February.

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Lancering van het Manifesto voor vrije en eerlijke handel door de Europese industrie, als aanzet voor de manifestatie in Brussel

10 februari 2016 / Europese werknemers, vakbonden en werkgevers lanceren vandaag een Europees Manifesto van de industrie voor vrij en eerlijk handelsverkeer, naar aanleiding van een mars in Brussel  volgende maandag 15 februari. Deze mars moet de beleidsmakers ertoe aanzetten om Chinese dumpingpraktijken in de Europese Unie te stoppen, en een erkenning van markt economie status (MES) voor China te verwerpen.

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China market economy status threatens European jobs

10 February 2016 / While factories are closing daily across Europe, the European Commission is now openly talking of surrendering Market Economy Status (MES) to China, which would leave Europe defenceless against a flood of Chinese imports that would wipe out European jobs and growth. Up to 3.5 million EU jobs are at risk and €228 billion in annual GDP could be lost. Today almost 22 million people are unemployed in the EU – Europe can ill afford to lose more jobs.

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