EU Envoy Travels to Beijing to Address Growing Trade Imbalance with China

The European Union has dispatched its top trade envoy, Maroš Šefčovič, to Beijing for discussions with Chinese Commerce Minister Wang Wentao. This visit aims to address the EU's significant trade deficit with China, which exceeds $1 billion daily and totals 360 billion euros annually. The growing imbalance is causing economic anxiety within the EU, with concerns about potential job losses and calls from lawmakers for a firmer stance on China's trade practices.