Europe's finance chiefs arrived in Beijing today with the warning that China must let its currency strengthen against the euro or risk sparking a trade war. European Central Bank President Jean-Claude Trichet, Luxembourg Prime Minister Jean-Claude Juncker and European Union Monetary Affairs Commissioner Joaquin Almunia will argue that an undervalued yuan is ``triggering protectionist tendencies,'' according to a briefing document obtained by Bloomberg News. The yuan rose to its strongest since a peg to the dollar was scrapped in July 2005 as Juncker told reporters at Beijing's Peninsula Hotel that the currency will be the main topic of the two-day talks. European policy makers are pressing for the yuan to gain more against the euro to curb a trade deficit with the world's fastest-growing major economy that's swelling by $20 million an hour. ``The message from the Europeans is that it's growing increasingly difficult for them to counter protectionist sentiment at home and that the Chinese must help them,'' said Gilles Moec, a senior economist at Bank of America Corp. in London. Europe's complaint is that while the yuan has risen almost 3 percent against the dollar since mid-August, it has weakened 7 percent against the euro. The yuan gained 0.1 percent to 7.3867 against the dollar as of 12:33 p.m. in Shanghai. It rose 0.1 percent to 10.9882 against the euro. http://www.bloomberg.com/apps/news?pid=20601087&sid=atF_99UXVr40&refer=home Trade war ? They donÂ´t even know how to spell the expression "trade war" !!