Bloomberg: EU Prepares for Potential Trade Conflict with China

(Central News Agency, Brussels, 3rd, comprehensive foreign reports) Bloomberg reported today that the European Union is preparing to warn its citizens and businesses about a possible trade war with China. The EU has begun considering new restrictive measures against China to reshape the unbalanced economic relationship between the two sides.

Last week, the European Commission, which handles European Union trade affairs, held a closed-door meeting of senior officials to discuss the next steps in China policy.

In a statement released after the meeting, the European Commission said: "China is a crucial partner, and both sides will continue engagement and dialogue. At the same time, the current trade and investment relationship is unsustainable."

The European Commission has publicly stated that the relationship with China is unsustainable and has vowed to take "stronger and more coherent responses." According to sources, EU officials privately acknowledge that China may retaliate.

Sources said the meeting was attended by commissioners responsible for various EU policy areas, who agreed on the need to make the European public aware that trade friction with China could intensify.

According to reports, there is a rare consensus among many EU politicians, policymakers, and thinkers: if the EU cannot rapidly transform, enhance its industrial competitiveness, and build a modern defense base, it will be left behind by the United States and China, or even become subservient to them. (Translated by Chen Zhengjian) 1150604