Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-14-Speech-2-432"

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"en.20101214.35.2-432"2
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"China enjoys a large surplus on its balance of trade with the EU. Europe’s surplus in services is too small to compensate for this. China achieves its trade surplus by an artificially low value of its currency, by suppressed wage rates so that imports into China cannot be afforded and so that export prices are considerably lower than European prices, and thirdly, by ignoring international patent rights so that Chinese companies can benefit from research and development not carried out by themselves. China is rapidly accumulating foreign currency reserves and control over scarce global resources. European countries are becoming the willing victims of a relentless global competitor with the instrument to destruct our livelihoods. European countries must individually – my preference – or collectively protect our industries. Why does the Commission allow EU business and workers to suffer unfair competition from China?"@en1
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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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