China’s trade grip tightens in Europe as clock ticks towards October deadline

Midway through a three-month negotiating period with Beijing, new data shows the trade balances of 24 European Union member states are still moving in what Brussels considers to be the wrong direction. China extended its trade surplus over all but three EU members in July compared to a year earlier, calculations based on new Chinese customs figures showed. In some instances, the monthly swing was dramatic. China’s surplus with Sweden quadrupled, while for Malta it rose by 166.6 per cent. For...