China and EU form group to modernise global trade rules
Europe and China will form a group aimed at updating global trade rules to address technology policy, government subsidies and other emerging complaints in a bid to preserve support for international commerce, EU officials said.
European Commission vice president Jyrki Katainen said unilateral action by US president Donald Trump in disputes over steel, China's technology policy and other issues highlighted the need to modernise the World Trade Organisation (WTO) to reflect developments in the world economy.
