Saturday August 8, 2020

EU must wake up to reality of China’s booming economy

Europe beware – China’s aggressive industrial policy offers an alternative economic model that threatens to leave us all behind

1st March, 2020
Paris and Berlin want the EU to economically position itself more aggressively against China. Picture: Getty

There are two growing economic anxieties in France and Germany. Neither is directly related to Brexit. The first is the market dominance of US tech giants. The second is the aggressive industrial policy of China, and China’s rapid rise up the global value chain.

Paris and Berlin fear that they’re being left behind. They fear that Europe is being left behind. In response, they want the EU to economically position itself much more...

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