EU trade envoy eyes yawning goods deficit on first day of China visit
- The EU's trade commissioner, Maros Sefcovic, arrived in Beijing this Thursday for two days of talks with his Chinese counterpart Wang Wentao.
- Sefcovic stated his goal of "rebalancing" an "unsustainable trade deficit".
- One particular area of concern is the auto sector, where Chinese hybrid vehicles have increased their European market share to 25 percent.
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- The EU's trade commissioner, Maros Sefcovic, arrived in Beijing this Thursday for two days of talks with his Chinese counterpart Wang Wentao.
- Sefcovic stated his goal of "rebalancing" an "unsustainable trade deficit".
- One particular area of concern is the auto sector, where Chinese hybrid vehicles have increased their European market share to 25 percent.
Sources: France 24