{
  "id": 16853585,
  "title": "EU plans high-level China currency talks as fears of new trade shock mount",
  "url": "https://urgent.news/2026/10/28/eu-plans-high-level-china-currency-talks-as-fears-of-new-trade-shock-16853585",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T05:00:07.000Z",
  "source": {
    "name": "Reuters Business via SCMP",
    "slug": "reuters-business-via-scmp",
    "url": "https://www.scmp.com/news/china/diplomacy/article/3372373/eu-plans-high-level-china-currency-talks-fears-new-trade-shock-mount"
  },
  "original_language": "en",
  "account": "European finance officials will travel to Beijing in November to discuss China's currency policy with Chinese officials. The European Union's top economic leaders, led by Maarten Verwey, will hold a \"macroeconomic dialogue\" with Chinese counterparts. Meetings with the People's Bank of China governor, Pan Gongsheng, and Finance Minister Lan Foan are planned. The talks were initiated at a recent financial gathering in Bangkok. European Union officials aim to address fears of a new trade shock due to concerns about the Chinese yuan being undervalued, which is making Chinese products cheaper for European consumers. Estimates suggest the yuan could be up to 30% undervalued, affecting European industries. While China claims the yuan is not manipulated, European officials argue it contributes to the \"China shock 2.0\" impacting European industries. Discussions will focus on global economic imbalances and the need for a balanced and orderly rebalancing to benefit all parties and the global economy.",
  "summary": "After convincing China to accept a cap on its hybrid car exports, a stream of top-level European finance and banking officials will descend on the Chinese capital in the coming months on a far trickier mission: persuading Beijing to stop holding down its currency to help save the bloc’s struggling industry. In the week of November 23, top European Union economy officials led by director general…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}