China and EU to Hold Trade Talks

China will hold informal talks with the European Commission on Monday to try to defuse a trade row over solar panels and wireless equipment.

The European Union accuses China of pricing its solar panels and mobile telecom devices too cheaply and “dumping” them in Europe to corner the market. It plans to impose duties on Chinese panel makers.

China denies the allegations and Premier Li Keqiang, who is touring Europe this week said the EU plans would “harm others without benefiting oneself.”

China’s Vice Commerce minister Zhong Shan will meet EU Trade Commissioner Karel De Gucht in Brussels on Monday, China’s Ministry of Commerce said on Sunday. An EU spokesman confirmed the talks, but stressed they were informal.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.