Eurozone trains sights on China

Eurozone finance ministers urged China on Monday to bear more "responsibility" for global financial stability as they prepared a top-level mission to lobby Beijing about its runaway trade surplus with Europe.
Finance ministers, who were meeting in Brussels, are growing increasingly concerned about booming imports from the rising Asian economic giant as they also struggle to cope with the record strength of the euro and record oil prices.
"China is the fourth economic power in the world and has therefore considerable responsibility when it comes to coordinating economic and financial policies on a global scale," said Jean-Claude Juncker, chairman of regular meetings of eurozone finance ministers.