EU, China have much to lose if trade war breaks out

Sunday, 19 May 2013 - 16:56


Analysts predict latest tit-for-tat EU-China trade disputes could signal worse to come but both sides have a lot to lose if things get out of hand and harm the much-needed economic growth they seek.

In May alone, the two have locked horns over solar panels, steel tubes and telecoms equipment, sparking fears of a trade war between two of the world's biggest trading partners.

Analysts said the increase in tensions could simply reflect the fact that both are feeling the pressure from a sharp economic slowdown.

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