Europe January-August trade gap with China soars

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meeting of officials from the Group of 20 nations near Cape Town. Bank of England Governor Mervyn King said on Nov. 14 that the refusal of China to allow the yuan to trade freely is a ``major concern and all of us will want to discuss it.’’

The figures published today show that the euro area bought 21 percent more goods from China in the January-August period than it did a year earlier. That growth is faster than the 14 percent increase in exports to the Asian nation.

Trichet insisted last week that China meet its ``global responsibilities,’’ and U.S. Treasury Secretary Henry Paulson called Beijing ``out of step with the rest of the world.’’