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Pascal Lamy Warns China Exports Threaten European Industry

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Story summary
  • Pascal Lamy says Europe’s growth is half U.S., one-third China’s and one-fourth India’s.
  • He links France’s unrest to rising living costs, energy vulnerability and pressure on low-income households.
  • Lamy warns Chinese export growth threatens parts of European industry and creates a strategic dilemma.
  • He recommends starting negotiations and using stronger trade defenses only if necessary, noting conflict would raise consumer prices.