Brussels is moving to crack down on Chinese overcapacity flooding the EU market, despite Beijing’s retaliation threats. #EuropeNews

China’s overcapacity is not a bilateral issue; it is a global one

Bloc puts ‘carrot-and-stick’ approach to test in high-stakes meeting with Beijing’s international trade envoy on sidelines of OECD meeting.

Brussels is moving to crack down on Chinese overcapacity flooding the EU market, despite Beijing’s retaliation threats. #EuropeNews

Maros Sefcovic made the remarks after meeting China’s chief trade negotiator, but says both sides are focused on mutual success.

The EU wants to reduce its trade deficit with China - but Beijing insists there is no problem. Bridging that gap is the challenge facing EU trade chief Maroš Šefčovič.