Saturday January 18, 2020

Europe to beat Ireland to the Chinese boom

Good news has been in short supply for Europe's traditional industrial economies such as Germany and France.

18th December, 2004

Good news has been in short supply for Europe's traditional industrial economies such as Germany and France. Growth remains weak, unemployment high, labour markets are still rigid, and the euro is soaring in value, pricing their exports out of the market.

One unexpected ray of sunshine is rising in the east. China is fast emerging as a new economic superpower, flooding the world with cheap manufactured goods, and drawing in investment from the entire globe.

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