Europe Chamber Urges Necessary Changes to Address China's Overcapacity Issue
Wednesday, 20 March 2024, 01:00
The European Union Chamber of Commerce in China
Warning Against China's Overcapacity
China's overcapacity has become a growing concern in Europe, creating economic challenges and competitive pressures.
According to the EU Chamber, the situation is akin to a 'slow-motion train accident' that needs immediate attention.
- Domestic industries in Europe are being crowded out by Chinese products.
- The EU Chamber highlights the urgent need for change to prevent further economic repercussions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.