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German Chancellor Marz: Not one single member of the European Union still has a trade surplus with China. We all have deficits. This deficit reaches much more than 300 billion euros per year. That means almost one billion every day. It is also due to overcapacity, high subsidies on the auto sector and others, and as I said, an artificially overvalued currency. And it needs to be taken care of.

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German Chancellor Marz: Not one single member of the European Union still has a trade surplus with China. We all have deficits. This deficit reaches much more than 300 billion euros per year. That means almost one billion every day. It is also due to overcapacity, high subsidies on the auto sector and others, and as I said, an artificially overvalued currency. And it needs to be taken care of.

German Chancellor Marz: Not one single member of the European Union still has a trade surplus with China. We all have deficits. This deficit reaches much more than 300 billion euros per year. That means almost one billion every day. It is also due to overcapacity, high subsidies on the auto sector and others, and as I said, an artificially overvalued currency. And it needs to be taken care of.