Update: EU spends three times more on imports from China than bloc exports there

The Guardian — World has reported on “Update: EU spends three times more on imports from China than bloc exports there,” presenting it as the central development in the source material available for this brief.

Study indicates trade deficit ran at more than €1bn a day in July, days ahead of Xi Jinping’s summit with Donald Trump Business live – latest updates Consumers and businesses in the EU are spending three times more on Chinese imports than their counterparts in China are buying from the bloc, a study has shown. The report also notes that Customs data indicated the gap between the EU’s imports from China and exports to China, the trade deficit, ran at more than €1bn (£860m) a day in July.

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