China's booming exports are emerging as a major concern for Europe, with leaders of the Group of Seven (G7) economies discussing ways to address growing trade imbalances amid fears of a new "China Shock" hitting European industry, according to news agency AP.

For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America

Eight years of U.S. tariffs have failed to curb Chinas manufacturing strength, with Beijing posting a record $1.2 trillion trade surplus by redirecting exports away from the U.S.…