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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Trade fears arise after China cancels EU summit AP - Friday, November 28 PARIS - The head of France's business lobby said Thursday she is "worried" about the trade implications of China's decision to pull out of an upcoming China-European Union summit. The EU-China summit was planned for Monday in the French city of Lyon. On the sidelines, around 150-200 Chinese business executives had been expected to meet with European counterparts at an event organized by the French employers lobby Medef. China called off the meeting, however, in protest at French President Nicolas Sarkozy long-awaited meeting with Tibet's exiled Buddhist leader Dalai Lama. Medef's President Laurence Parisot called China's decision "a real shame." "This worries me for French companies," Parisot told the Associated Press. "I don't understand what motivated the Chinese authorities," he said, noting that the U.S. President George W. Bush, British Prime Minister Gordon Brown and German Chancellor Angela Merkel met with the Tibetan leader without provoking such a reaction. Chinese Foreign Ministry spokesman Qin Gang hinted that his government may be looking at economic reprisals as well. "Since France has major interests in China, since the French leader repeatedly says that he takes China as a major strategic partner, then why is he doing this?" he asked at a news conference Thursday in Beijing. "This is exactly where we feel confused and where the Chinese government and people express strong dissatisfaction." Pulling out of the summit suggests that countering criticism on Tibet is a bigger priority for China's communist leaders than working with the EU and nations like France on solutions to the global financial crisis. The summit was planned in France as the country currently holds the rotating EU presidency. It is unclear if China would attend a summit held in the Czech Republic, which takes the EU helm on Jan. 1. French Finance Minister Christine Lagarde declined to comment Thursday on the cancellation. French Foreign Minister Bernard Kouchner called the decision "incomprehensible." EU spokesman Johannes Laitenberger said Thursday there are "no indications whatsoever that other events are affected." Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Ex-Indian premier VP Singh, champion of the poor, diesAFP - 26 minutes ago Seven missing after New Zealand jet plunges into MediterraneanAFP - 34 minutes ago Afghan police: 4 dead in blast near US EmbassyAP - 1 hour 24 minutes ago Indian troops raid hotels to free hostagesAP - 1 hour 46 minutes ago Militants who attacked Mumbai came from Pakistan: army officialAFP - 2 hours 1 minute ago Most Popular – Asia Pacific Viewed Fed, Treasury offer $800 bln more to credit markets Michael Jackson strikes 'amicable' deal with Arab sheikh Love handles increase death risk: study US clears Bank of America deal for Merrill Lynch US president's mother 'doing very well' in hospital: Laura Bush View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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