Gordon Brown, Britain’s finance minister, has delivered a powerful attack on the recent deal to fix annual quotas on Chinese textile imports by the European Union, warning that the move is a “last stand” by European nations who seek to postpone inevitable economic reform.
Writing in the Financial Times, Mr Brown - who on Friday chairs the latest meeting of EU finance ministers - says the textile deal agreed this week by Beijing and the European Commission shows some European states are failing to meet the scale of the Chinese economic challenge.
