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Trading places

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Numbers may not lie, but often their true significance lies in closer scrutiny. And a good example of this statement lies in the numbers used to tout the world’s great trade imbalance with China - a deficit that shows the EU trade deficit growing from 50 billion euros in 2000 to 297 billion in 2008. “But,” says Pascal Lamy, Director-General of the 153-member Geneva-based World Trade Organisation,

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