Europe Faces Big Loses As China Market Threat Grows, Relationship Crumbles | Europe Not Ready

Europe Faces Big Loses As China Market Threat Grows, Relationship Crumbles | Europe Not Ready #europe #market #crisis The European Union and China are at an important point where they have political issues and economic problems that need to be sorted out. This was mentioned by Valdis Dombrovskis, the European Commissioner of Trade. He paints a vivid picture of the choices before them. They can opt for a path of shared prosperity, grounded in open, equitable trade, and united efforts to address global challenges. Alternatively, they risk drifting apart, eroding the hard-won gains of previous decades. In this ever-evolving global landscape, both the EU and China confront significant political and economic challenges that threaten to drive a wedge between them. Dombrovskis delivered this sobering message during his four-day journey to China. Where he engaged in candid discussions about the multifaceted issues straining EU-China relations, with Russia’s aggressive stance toward Ukraine casting a long shadow. He emphasized that China’s alignment with Russia’s actions contradicts its steadfast principles of territorial integrity, leaving the EU perplexed by China’s stance. The extensive effects of the conflict, encompassing disrupted supply chains, food insecurity, skyrocketing energy prices, and record-breaking inflation, depict a grim scenario for both Europe and China. If You Like This Video; Like, Share, Comment And Subscribe. This Means A Lot To Us! Thanks For Watching Our Video; Europe Faces Big Loses As China Market Threat Grows, Relationship Crumbles | Europe Not Ready The EU commissioner also issued an advisory warning, highlighting that China’s deliberately vague stance on the war was perceived as pro-Russian by Brussels. Which poses a reputational risk. This vagueness affects how European consumers and businesses view China. Many European companies are worried about China’s actions, and some are thinking about leaving. They wonder if the good relationship they had with China for many years might turn into a bad one in the future. This comes from surveys done with businesses, as explained by Dombrovskis. There are other problems too. Europe buys more from China than it sells, and this gap is getting bigger. This makes Europe worried that it’s becoming too dependent on China. Europe and China have had a tough time in their relationship recently. There have been problems because of COVID-19, human rights concerns in Xinjiang, Russia fighting in Ukraine, troubles in the Taiwan Strait, and arguments about trade in things like computer chips. Things got worse when the European Commission started looking into Chinese-made electric cars. They think these cars are cheaper because China gives them a lot of money, which is not fair. China doesn’t like this and says it’s protecting its businesses. The investigation might lead to more taxes on Chinese electric cars to make things fair. He also says Europe can’t let itself be in a weak position when its openness is taken advantage of or when it’s not safe. He says that competition should be fair, and they will stand up against things that are not fair. He said all of this when he spoke at Tsinghua University. Europe and China have had problems recently because of things like COVID-19, human rights, and trade. Things got worse when Europe started looking into Chinese electric cars. They think these cars are cheap because China gives them money. China doesn’t like this and says it’s protecting its businesses. Dombrovskis says China’s accusations are not true, and they will look into it carefully. He also says Europe can’t be weak when people take advantage of it or when it’s not safe. He says competition should be fair, and they will stand up against things that are not fair. He said all of this when he spoke at Tsinghua University. The EU trade commissioner recently expressed growing concerns about European businesses encountering increasing challenges while operating in China. He indicated that the previously favorable relationship between the EU and China might evolve into a situation where both sides experience negative outcomes in the future. Dombrovskis highlighted two specific issues causing apprehension among European businesses. Firstly, he mentioned a new law in China that aims to counteract foreign sanctions. Secondly, he pointed to recent changes in China’s strict anti-espionage regulations. These regulatory alterations are causing considerable confusion for European businesses because they can be interpreted in various ways. This ambiguity makes it challenging for European companies to determine how to comply with the rules, resulting in decreased confidence and a reluctance to make new investments in China. More Details In The Video