BRUSSELS: EU trade chief Maros Sefcovic will head to Beijing on Thursday for two days of make-or-break meetings with Chinese officials to try to stave off a trade war. The European Union has toughened its stance toward Beijing to defend businesses against what it believes is unfair competition in critical sectors including cars. Increasingly European leaders and observers warn of a “China Shock 2.0,” used to describe Chinese firms’ shift into more high-tech manufacturing, which is threatening

Source: Arab News