The European Union has no intention to decouple from China but needs to protect itself in situations when its openness is abused, the bloc's Executive Vice-President Valdis Dombrovskis said on Saturday (Sep 23). The bloc posted record bilateral trade with China last year, but it is "very unbalanced", he said in a speech at the annual Bund Summit conference in Shanghai, citing a trade deficit of almost €400 billion (US$426 billion). Dombrovskis is on a four-day visit to China seeking more balanced economic ties with the EU. He arrived just over a week after the European Commission said it would investigate whether to ... (full story)