Beijing has threatened to contest the European Commission's decision to impose taxes on Chinese solar panels and telecommunications equipment before the World Trade Organisation.

Germany, which accounts for more than half of the EU’s exports to China, has voiced its concern over the power struggle and called for an amicable settlement.

“It is high time that Europe gave up its fascination with the size of the Chinese market and demanded, like the United States, a minimum of fair exchange”, argues Le Figaro, which adds —

The interdependence of global economies will add to pressure for an amicable settlement, as desired by Berlin. But for that, it is time for Europe to put its foot down and to set aside any naivety. Given China’s rapid rise to power, soon it will be too late.