China has not only emerged as a major threat to VW and Mercedes, the German chemicals and engineering sectors are also facing an onslaught from Chinese rivals.
… China’s policy of heavily subsidizing key industries, which allows Chinese manufacturers to produce at a scale and cost that Western companies struggle to match.
Yes, but it’s not just the subsidies. An additional important factor in this context that the article doesn’t mention is the number of people in China who are forced into modern slavery. Therefore, a strong supply chain law is essential not only with regards to human rights (any trade agreement that does not include this crucial issue is useless imo), but also for a competition policy.
The article makes several good points how Germany and Europe have an advantage over China. But we need to get the human rights issue, too. That’s a major point.
Yes, but it’s not just the subsidies. An additional important factor in this context that the article doesn’t mention is the number of people in China who are forced into modern slavery. Therefore, a strong supply chain law is essential not only with regards to human rights (any trade agreement that does not include this crucial issue is useless imo), but also for a competition policy.
The article makes several good points how Germany and Europe have an advantage over China. But we need to get the human rights issue, too. That’s a major point.