Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-539-000"
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"en.20120522.21.2-539-000"2
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"Mr President, we advocate deepening economic relationships between the countries of the European Union and China. We advocate deepening cooperative relationships that are mutually beneficial and contribute to reciprocal development. However, we cannot magic away the grave consequences of the liberalisation and deregulation of world trade.
With China, like any other country, trade relations should be guided by criteria of complementarity and mutual benefit, not by the competition that free and unregulated trade inspires. China is the second largest economy in the world, with growth rates Europe has not seen for a long time. It is now seen by Europe’s major companies, first, as one of the world’s essential sources of scarce and rare resources and, second, as an opportunity to pursue the accumulation process elsewhere, bypassing difficulties with profiting from their capital domestically that result from the compression of the wages and the purchasing power of the bulk of Europe’s population. This is a vision and path that we unequivocally reject."@en1
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