EU-China Trade Summit

The annual summit between China and the EU has begun and the focus is on trade relations between the two countries. The EU is concerned about the value of the yuan versus the euro as it has weakened in recent years making it more costly for European producers to trade in China. This is an issue that China must tackle if it wants to continue to grow and establish itself as an economic super power around the world. The more China is unwilling to make terms that are more fair to international producers, the more those producers will look elsewhere to trade their products. China is looking out for itself and is trying to get the best deal it can in business which is commendable for itself and for its people. But it cannot go on ignoring the pleas of international manufacturers without eventually facing the consequences of its actions.