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Business Daily: China and the Euro

28/05/2010

China and the Euro

BBC World Service - Business Daily, China and the Euro

How trade between China and Europe is being affected by the euro crisis.

How trade between China and Europe is being affected by the euro crisis. The European Union is China's biggest trading partner.

Europe's debt crisis is making waves across the world economy, and China especially has reason for serious concern. The European Union is China's biggest trading partner, and many firms which depend on European orders for their goods are getting worried about whether demand will fall off, as it did after the 2008 financial crisis. 

The BBC's Chris Hogg reports from Shanghai on how trade is being affected.

Plus Sanita Bajare, the Head of the Euro Project for Latvia, explains why her country still wants to join the euro-zone, even in the throes of Europe's debt crisis.

And Lesley Curwen talks to former European Commissioner Mario Monti, about the euro's troubles. He argues that the currency could still be "a monumental success" if it can weather the current crisis. 

Plus, our Washington commentator James Srodes
ponders on whether the US dollar will remain the world's favourite currency.

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