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Europe must meet challenge of China, says UK minister

AFP, Shenzhen, China
Britain and the rest of Europe are at grave risk of falling behind China and other fast-developing nations unless they reform their economies and become more ambitious, British finance minister Gordon Brown has warned.
Speaking at the end of a three-day whistlestop trade tour of China, his first to the country, a clearly awed Brown spoke admiringly of the sights he had seen in Beijing, Shanghai and the southern boomtown of Shenzhen.
"Before I came to China I understood the scale and significance of what was happening in China and Asia, as something that would affect us all," Brown told reporters shortly before leaving the country late Wednesday.
Now he was "more convinced than ever", the British Chancellor of
the Exchequer said. "It has opened my eyes to the sheer scale of the challenge."
Unless Britain and the rest of the European Union woke up to the economic challenge being posed, "we will fall behind in the challenge from China and Asia", he warned.
The verdict was a telling one, coming as it does from one of the most powerful and successful finance ministers in the developed world, who had never previously seen at first hand the rapid changes in China, the globe's fastestgrowing major economy.
Starting off in Beijing on Monday for talks with Chinese leaders such as Premier Wen Jiabao, Brown toured a series of factories and laboratories, all picked as examples of China's progress since it began economic liberalisation just over two decades ago.
Brown, who has served as
finance minister under Prime Minister Tony Blair since 1997, was also visibly impressed after meeting a string of ambitious Englishspeaking Chinese teenagers during visits to a pair of schools.
"There is no doubt in my mind that when China is turning out two million graduates each year, we cannot afford for any young people in our country to be left behind," he told reporters in Shenzhen.
"When you look at what is happening in China, you know that we have got to do more in the future in order to compete," he said.
"We have got to raise our sights and raise our game, be more ambitious for the future."
While Britain was moving "faster than some other countries" within the EU to free up its economy and innovate, the message was clear for the continent as a whole, he warned.