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

Days before Xi Jinping’s summit with Donald Trump, new study shows trade deficit ran at more than €1bn daily in July

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.

Customs data showed 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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The post EU spends three times more on imports from China than bloc exports there appeared first on Business | The Guardian.

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