{"id":623786,"date":"2026-09-22T10:28:12","date_gmt":"2026-09-22T10:28:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/623786\/"},"modified":"2026-09-22T10:28:12","modified_gmt":"2026-09-22T10:28:12","slug":"a-shift-by-china-towards-service-based-economy-could-help-trade-imbalance-eu-group","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/623786\/","title":{"rendered":"A shift by China towards service-based economy could help trade imbalance: EU group"},"content":{"rendered":"

As Beijing and Brussels prepare for October talks on trade imbalances, an EU trade association has called for more concrete action, such as China shifting towards a more service-based economy, to address the country\u2019s domestic supply-demand imbalances that have contributed to trade tensions.<\/p>\n

The European Union Chamber of Commerce in China (EUCCC), which has more than 1,600 member companies, said persistent supply-demand imbalances had fuelled neijuan or \u201cinvolution\u201d \u2013 a form of excessive competition marked by sluggish demand, excess supply and eroding margins.<\/p>\n

While China\u2019s latest five-year plan<\/a> has called for greater efforts to address these structural problems, the chamber said it hoped those commitments would translate into meaningful action.<\/p>\n

\u201cThe Chamber hopes [China\u2019s latest five-year plan] … can alleviate third market concerns over China\u2019s increasing exports and the subsequent trade imbalances that have developed,\u201d it said in its annual position paper released on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"As Beijing and Brussels prepare for October talks on trade imbalances, an EU trade association has called for…\n","protected":false},"author":2,"featured_media":623787,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5560,11019,114,1657,184,2866,282088,97722,85,3466,46,238621,44085,29955,55367,145844,4548,57950,282089],"class_list":["post-623786","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-beijing","tag-brussels","tag-business","tag-china","tag-economy","tag-eu","tag-euccc","tag-european-union-chamber-of-commerce-in-china","tag-il","tag-involution","tag-israel","tag-jens-eskelund","tag-service-economy","tag-service-sector","tag-trade-imbalance","tag-trade-imbalances","tag-trade-surplus","tag-trade-tensions","tag-western-economies"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/623786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=623786"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/623786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/623787"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=623786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=623786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=623786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}