Manfred Weber, leader of the European People's Party in the European Parliament, urged the European Union to adopt a stricter trade stance toward China, arguing that Beijing's manufacturing dominance poses growing risks to Europe's economy, Bild am Sonntag reported Sunday.
Speaking to the newspaper, Weber said the EU can no longer afford to be complacent and must safeguard its economic interests, according to the report.
He pointed to the bloc's daily trade imbalance with China, estimated at nearly 1 billion euros, warning that it threatens European industries and employment, Bild am Sonntag wrote.
Weber said failure to act could severely weaken key sectors of Europe's economy, according to the report.
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