EU leaders to pick from menu of anti-China trade measures over summit dinner

According to a widely-shared policy brief by the think-tank the Centre for European Reform (CER), China now accounts for roughly 30 per cent of global manufacturing output while consuming only 13 per cent of global output. 

According to the CER, 55 per cent of European manufacturing is exposed to Chinese market-share gains in the coming years, driven in part by what it estimates is a 30 per cent undervaluation of China’s currency, the renminbi, offering an unfair advantage over foreign competitors.