China is already embroiled in one trade war with the United States. Now, it could face another economic conflict with the European Union. An influential report released by the EU Chamber of Commerce has warned that the world’s largest trading bloc should take “defensive” measures to protect Europe’s single market unless Beijing implements “competitive neutrality” and “reforms” its state-run model. In the study, the European business lobby group called for direct action to curb the power of sprawling state-owned enterprises. “Rather than cutting [China’s] SOEs down to a manageable size, determining the industries that ... (full story)