Over-capacity blights both EU and China economies, claims chamber president

China meets Europe today in Nanjing for the annual EU-China summit. This is the most important event for the EU in China this year. So how is the relationship, and what can we do to improve the relationship between the largest trading bloc in the world and the biggest economic comeback story in human history?

The politics of EU-China commercial relations hit a low in late 2008, but now there are signs that both parties have found their way back into a dialogue. Fortunately, confrontation is no longer the order of the day with both sides looking inward to try and fix their economies.

Given the challenges from rising unemployment in Europe and greater assertiveness by some interest groups in China with regard to solidifying monopolies, trade and investment liberalization is not a very popular policy in either Beijing or Europe's capitals.