A steel warehouse in Handan, Hebei province. The European Parliament claimed that China’s exports, especially in sectors with chronic overcapacity such as steel, had caused ’strong social, economic and environmental consequences in the EU’. Photo: AFP

European Union still ‘seeks balance in industry and trade’ with China

European Parliament rejects granting of market economy status to China on dumping grounds, but also ‘values importance of trade relationship’

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A steel warehouse in Handan, Hebei province. The European Parliament claimed that China’s exports, especially in sectors with chronic overcapacity such as steel, had caused ’strong social, economic and environmental consequences in the EU’. Photo: AFP
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