Can Europe stand up to China on trade? | The Economist (Level 1)

Europe and China have a big problem with trade. Right now, Europe buys much more from China than China buys from Europe. Europe loses one billion euros every day. Over the last five years, Chinese sales to Europe went up a lot. At the same time, European sales to China went down. China makes many things in its factories. Soon, China will make almost half of all the goods in the world. But Chinese people do not buy all these things. So, China sells them to Europe. These cheap products can hurt European businesses. Some people want Europe to make strict rules to stop the cheap products. However, European leaders want to talk with China first. They want to protect European jobs and factories, but they believe talking is better than fighting. They hope to fix the problem peacefully.