China warned the EU that there will be "consequences" if it goes ahead with punitive tariffs on Chinese exports of solar products and an anti-dumping investigation into manufacturers of telecommunications equipment. "The abuse of trade remedy measures in a reckless and arbitrary manner will do nothing for solving trade frictions and will severely dampen confidence in economic recovery," said Shen Danyang, a spokesman for China's Ministry of Commerce. China doesn't want a trade war with Europe, he said.

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