The European Union’s perception that China is yielding to its pressure tactics on trade is a “serious misjudgment”, as Beijing proved during last year’s tariff war with the United States that it will not back down from a confrontation, a former Chinese diplomat has warned. Beijing’s willingness to compromise during trade talks with the EU earlier this month – where the two sides agreed a quota on Chinese hybrid car exports to Europe – has been taken by some in Brussels as a sign that their...
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