EU's exemption from US tariffs set to expire - Criticism grows of China's new silk road - ECB leaves key interest rate at 0%
European firms could miss out on China's $900 billion infrastructure initiative, warns a leaked report by EU diplomats. It said the New Silk Road trade corridor has the potential to disadvantage and even divide the bloc.
The Chinese premier is meeting with leaders from Central and Eastern European countries at a summit in Sofia as he aims to boost Beijing's trade interests in the region. But Li cannot afford to offend the European Union.
With its New Silk Road mega-project, China is building on old traditions. But hard-core geostrategic interests, not nostalgia, are guiding Beijing's investments. Miodrag Soric reports from Tbilisi, Georgia.
As the EU launches a complaint at the world's trade watchdog over US tariffs, the bloc is also taking China to task. The EU warned that "if the main players don't stick to the rulebook, the whole system might collapse."
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