Beijing’s trade surplus with the European Union rose to a record high as the communist country continues to use state-directed funding to undermine international competition in countries like Germany.
According to Chinese customs data released this week, the communist country’s trade surplus with the EU rose to a record $32.9 billion in June, representing a 27 per cent increase over last year.
According to German broadcaster Deutsche Welle, Germany is also becoming increasingly dependent on China for critical goods such as pharmaceuticals.
Berlin’s Mercator Institute for China Studies (MERICS) think tank has warned that, while Germany and other…
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