Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-21-Speech-2-100"

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"en.20100921.4.2-100"2
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"Madam President, in the first three months of last year, the United Kingdom imported more than four times the value of goods from China than it exported to that country. The EU as a whole is facing a similar threat from a growing Chinese economy. In 2009, the EU imported goods worth EUR 215 billion from China but exported goods worth only EUR 82 billion. We might have expected to compensate for that deficit in trade by a favourable surplus in the trade in services, but the surplus there was a paltry EUR 5 billion. We are allowing the Chinese to destroy the industries and jobs of the nation states of Europe by embracing globalism and opening our markets to low wage goods with which we simply cannot compete. We must stop importing goods that are destroying our industries and destroying the jobs of our peoples."@en1
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