18-09-2023, 10:23 AM
The European Union is scrambling to answer SOS calls from its hi-tech industries to fend off the challenge of China’s manufacturing juggernaut.
From electric vehicles (EVs) and solar panels to wind turbines and hi-tech batteries, European businesses say they are being eaten alive by Chinese imports sold well below market rates.
This is not a new problem: the EU and European businesses have long railed against what they see as market-distorting subsidies.
https://www.scmp.com/news/china/diplomac...ctric-cars
From electric vehicles (EVs) and solar panels to wind turbines and hi-tech batteries, European businesses say they are being eaten alive by Chinese imports sold well below market rates.
This is not a new problem: the EU and European businesses have long railed against what they see as market-distorting subsidies.
https://www.scmp.com/news/china/diplomac...ctric-cars
