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Mr Van Rompuy (l) and Mr Wen. There are increased warnings that the world is headed for a currency war (Photo: consilium.europa.eu)

EU-China summit ends in discord

An acrimonious EU-China summit on Wednesday (6 October) ended with a cancelled press conference and a stark warning from China not to increase pressure over its currency valuation.

"I say to Europe's leaders - don't join the chorus pressing [China] to revalue the yuan," Chinese Premier Wen Jiabao told a business forum taking place in the margins of the political summit in Brussels.

"Many of our exporting companies would have to close down, migrant workers would have to return t...

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Mr Van Rompuy (l) and Mr Wen. There are increased warnings that the world is headed for a currency war (Photo: consilium.europa.eu)

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