Both economies recognized as interconnected after gloomy IMF warning

BRUSSELS - European scholars said it would make sense for Europe to compromise with China on concerns over market economy status and arms deals, but they added that next week's summit is likely to focus on economic and trade cooperation.

Sources within the European Parliament said that the continent's politicians have been holding market economy status and an arms embargo as "bargaining chips" with Beijing, and they wouldn't yield without major concessions from China.