China's Emphasis on Supply Side Creating Economic Challenges in Europe

Thursday, 21 March 2024, 01:36

China's focus on the supply side to drive economic growth is causing issues in Europe. The EU Chamber of Commerce warns of a 'slow-motion train accident' with China, urging for necessary changes to avoid deindustrialisation in Europe. Tensions rise between China and the EU as Brussels investigates China's electric vehicle exports.
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China's Emphasis on Supply Side Creating Economic Challenges in Europe

China's Focus on Supply Side Impact on Europe

The European Union Chamber of Commerce in China president Jens Eskelund emphasizes the negative impact of China's focus on the supply side driving economic growth. Europe risks deindustrialisation due to the externalisation of low domestic demand in China.

Urgent Conversations Needed for Change

EU Chamber warns of a potential crisis and the need for honest discussions to address the issue. China should shift away from excessive self-reliance to create a sustainable environment for foreign businesses.

The Background: Tensions between China and the European Union escalate following an anti-subsidy investigation into China's electric vehicle exports by Brussels.


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.


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