Effects of China's Supply Side Focus on European Economy Discussed by EU Chamber of Commerce
Thursday, 21 March 2024, 01:36
China's Supply Side Focus Impacting Europe
The European Union Chamber of Commerce warns of challenges as China's concentration on the supply side impacts European economy. Jens Eskelund, president, expresses concerns over potential deindustrialization due to China's practices.
EU Chamber of Commerce's Caution
- Jens Eskelund: 'It is hard for me to imagine that Europe will sit by quietly and witness the accelerated deindustrialisation of Europe because of the externalization of low domestic demand in China.'
Honest conversations and a reduction in self-reliance by China are advocated for a sustainable business environment.
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.