China's Supply Side Focus Impacting European Economy
Thursday, 21 March 2024, 01:36
China's Focus on Supply Side Economics
In a recent statement, EU Chamber of Commerce in China president Jens Eskelund expressed concerns about the potential deindustrialization of Europe due to China's export-driven economy.
Warnings of Economic Challenges
- China's strategy to drive economic growth through supply side measures is creating issues for Europe, particularly in terms of trade imbalances.
- EU Chamber emphasizes the need for honest conversations and steering away from excessive self-reliance to ensure a sustainable business environment.
The background to this is that tensions between China and the European Union have risen since Brussels launched an anti-subsidy investigation into China’s electric-vehicle exports last year.
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.