Exclusive | EU plans high-level China currency talks as fears of new trade shock mount

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1. 3h ago

   EU Plans High-Level China Currency Talks Amid Trade Shock Fears

   The European Union is planning high-level currency talks with China in November alongside additional import curbs slated for early 2027 as fears mount over a new trade shock. European officials and visiting members of the European Parliament have expressed concerns that Chinese exports are harming European industry. Meanwhile, Beijing has criticized potential new trade safeguards as possible violations of World Trade Organization rules and remains wary of forced currency appreciation. Brussels is weighing its best strategy for new trade talks while maintaining a dual-track approach.

   Why it matters

   Trade tensions have intensified as European lawmakers visit China to address thorny economic and supply chain issues. Beijing has urged European leaders to remain rational and work jointly to solve trade problems, attempting to avoid blame for European economic unrest. The current diplomatic maneuvering follows hybrid car agreements and highlights ongoing friction over industrial competition.

   What is confirmed

   • The European Union plans high-level currency talks with China.
   • The European Union is planning additional import curbs for early 2027.
   • Members of the European Parliament visited China to discuss trade issues.
   • China criticized potential new trade safeguards as potentially violating WTO rules.

   Still unconfirmed

   • Beijing softened its stance on European curbs to avoid being blamed for Europe's unrest.

   What to watch next

   • The outcome and official statements from the November currency dialogue between the EU and China.
   • Formal announcements regarding EU import curbs planned for early 2027.
   • Reactions from Beijing to the European Commission's finalized trade talks strategy.
   Sources used for this update (15)

   1. Bloomberg.com — EU Plans to Hit China With More Import Curbs in Early 2027
   2. Reuters — Explainer: How can EU limit impact of China Shock 2.0?
   3. Asia Times — Beijing softens on EU curbs to avoid blame for Europe’s unrest
   4. Global Times — MEPs visit China amid EU's mixed trade signals; experts warn Brussels' 'dual track' approach undermines good-faith talks
   5. South China Morning Post — The View | EU-China hybrid car deal won’t really help European carmakers
   6. South China Morning Post — Exclusive | EU plans high-level China currency talks as fears of new trade shock mount
   7. Reuters — China calls on Germany, EU to be rational on trade, supply chain issues
   8. Global Times — China, EU key forces in upholding multilateral trade; Chinese commerce minister urges joint efforts in solving EU problems
   9. Euronews.com — Commission weighs best strategy for new trade talks with China
   10. ua.news — EU plans currency dialogue with China in November — South China Morning Post
   11. EU Reporter — MEPs to focus on thorny trade issues in trip to China
   12. People's Daily Online — Senior Chinese legislator meets European Parliament trade committee delegation
   confidence 90%