China facing a European Union backlash | Metals Mine

  • China facing a European Union backlash

    From asiatimes.com

    China is already embroiled in one trade war with the United States. Now, it could face another economic conflict with the European Union. An influential report released by the EU Chamber of Commerce has warned that the world’s largest trading bloc should take “defensive” measures to protect Europe’s single market unless Beijing implements “competitive neutrality” and “reforms” its state-run model. In the study, the European business lobby group called for direct action to curb the power of sprawling state-owned enterprises. “Rather than cutting [China’s] SOEs down to a manageable size, determining ... (full story)

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mindscream
Sep 25, 2019 4:28am
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“We see many things in the same way as the US does,” Cecilia Malmström, the European Trade Commissioner, told the German magazine and online news site Der Spiegel earlier this year.

“We are defending ourselves against state-subsidized companies buying up our most creative companies, we are fighting against intellectual property theft and for greater transparency. We are working closely with the US and Japan on this, for example when it comes to better monitoring Chinese investments in our countries,” she added.

Imagine EU, US & Japan joining forces on the trade dispute.
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AnniLi
Sep 25, 2019 2:54am
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EU has been a massive beneficiary of China's economic growth which helped to dampen the worst effects of the USA and EU financial crisis from 2008 onwards. Is it too much to ask that we remember at least 10 years ago and not just 10 minutes???? Please comment.
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Calin100
Sep 25, 2019 4:25am — Edited
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I think it,s about the market what,s the next move , who benefits from who, when or why has little relevance, in this story at least ,no offense .The question is ,(if the story is true)with Germany P.M.I. at 41 what can EU do?
Gmoney1
Sep 25, 2019 8:30am
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China comes in and gets their big ball rolling down hill and now the EU & the rest of the world wants to stand in front of it to slow it down, you reap what you sow.
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Calin100
Sep 25, 2019 1:13am
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So ? Recession is coming?
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