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11/28/07

The Guardian: Europe and China face off over trade, currency - by Chris Buckley and Jason Subler

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Europe and China face off over trade, currency - Chris Buckley and Jason Subler

China and the European Union on Wednesday kicked off a summit marked by mutual recriminations over trade frictions ranging from product safety to the value of the Chinese currency.
A host of EU leaders has descended on Beijing for a set of meetings expected to touch on sore spots including China's currency policy and what the European Union sees as its lax controls over fake goods.
At the start of the talks, Li Keqiang, a newly elected member of the Communist Party's top leadership who is likely to become a vice premier next year, praised the strengthening of economic and political ties.

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