China has more cards to play in EU trade dispute: People's Daily

Wed Jun 5, 2013 10:24pm EDT
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BEIJING (Reuters) - China still has plenty more cards to play in an increasingly ugly trade dispute with the European Union, the official People's Daily newspaper said on Thursday, accusing Europe of not realizing that its global power was waning.

The EU will impose duties on imports of Chinese solar panels from this week, a move that infuriated Beijing despite European attempts to soften the blow with a reduced rate. China in response announced on Wednesday its own anti-dumping and anti-subsidy probe into imports of wine from the EU.

Both sides say they still want to resolve the row through talks.

However, the People's Daily, the ruling Communist Party's official mouthpiece, said in a commentary that Beijing could take yet more measures against the EU.

"We have set the table for talks, (yet) there are still plenty of cards we can play," the newspaper wrote. "China does not want a trade war, but trade protectionism cannot but bring about a counter-attack."

A declining Europe needs to understand it can no longer laud it over other countries, the paper added.

"Times change and power rises and falls. Still this has not changed the deep-rooted, haughty attitudes of certain Europeans," it wrote.

EU Trade Commissioner Karel De Gucht intentionally "stirred up trouble" in pushing through the duties on Chinese solar panels despite objections from many EU states, the daily said.

"This is not normal," it added.   Continued...

A man eats his breakfast as he walks under solar panels belonging to a solar power plant in Shenyang, Liaoning province June 5, 2013. REUTERS/Stringer