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Global Business News

The Economic Times

Global Business / The Economic Times

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China draws 'red lines' around its economic model ahead of EU, US trade talks

China defends its economic policy favoring advanced industries over domestic consumption. This stance signals increasing confidence ahead of trade talks with Europe and the United States. Western nations view China's approach as mercantilist, pushing cheaper goods globally. China counters these claims, rejecting accusations of protectionism and unfair practices.

2 Aug 2026 11:32 pm