China’s overcapacity is creating problems in Europe and crowding out domestic industries, according to the European Union Chamber of Commerce in China.
  • Trudge [Comrade]@lemmygrad.ml
    27·
    7 months ago

    China’s focus on the supply side to drive economic growth is creating problems in Europe, according to the European Union Chamber of Commerce in China

    Honest conversations are needed, while China should steer away from excessive self-reliance to create a more sustainable environment for foreign businesses

    EU shamelessly plagiarizing from Britain once again. These words were spoken by British bureaucrats and merchants almost 200 years ago.

  • multitotal@lemmygrad.ml
    27·
    7 months ago

    “How dare China sanction companies?! Only we can do that!”

    “How dare China become self-reliant?!”

    “How dare theyyyy…” fading noises as the Chinese train speeds off into the future

  • Giyuu@lemmygrad.mlEnglish
    17·
    7 months ago

    EU acting like they are relevant 😂 socialism outcompetes capitalism just like capitalism did to feudalism. Nothing shocking or weird it’s just the natural progression of things.

  • Sodium_nitride@lemmygrad.ml
    16·
    7 months ago

    But to create a more sustainable environment for foreign businesses, the chamber said China should steer away from excessive self-reliance and mitigate economic risks in a surgical and precise manner.

    Step 1: Sanction the country with the explicitly stated purpose of slowing down its economic growth

    Step 2: Suffer the economic consequences of sanctioning the largest industrial economy in human history which produces 35% of all the world’s manufacturing

    Step 3: Throw a public temper tantrum

    Truly, “our” leadership is composed of the greatest minds to have ever walked upon this earth.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
      16·
      7 months ago

      Also, just how dumb do they think Chinese leadership is. We’ve explicitly said we want to hobble your economy and keep you down, now why don’t you start being more dependent on us to help facilitate that. 🤡

  • ℝ𝔼𝔻 ℂ𝕆𝕃𝕆𝕊𝕊𝕌𝕊@lemmygrad.ml
    7·
    7 months ago

    The US has power (even if it’s waning), the EU/Eurozone are nothing but an appendix of American power. They don’t have any real power, so their voice is irrelevant. Why talk to the assistant to the regional manager when I can talk to the regional manager himself.