Here's a link to a China Daily article on discussions between China and the EU on trade. It talks about China sending teams to Europe on "buying missions" and calling for the EU to reject trade barriers.
http://www.chinadaily.com.cn/china/2009-05/08/content_7755335.htm
When the economy is weak and unemployment rises, countries naturally turn protectionist. We are certainly seeing that in the US and this article shows the EU is having similar strains. A review of history will show that protectionist measures worsened the Great Depression. As I've mentioned before, free trade is the way to go.
Friday, May 8, 2009
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