Sunday, April 24, 2005

EU Defies China

...for the wrong reasons.
The top trade official for the European Union, Peter Mandelson, presented new evidence on Sunday that low-priced Chinese textiles were flooding European markets, raising pressure on China to control the trade or possibly face sanctions by summer.
So, if China actually gets successful and undercuts you in the market, because you're bloated and inefficient (Europe is sooo 20th century), you get angry at them. But if they repress dissent, jail people on trumped-up charges, threaten to invade Taiwan, and persecute Buddhists, everything is all right.

Europe is sick.


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