In the sixtieth episode of EU to go, Thu Nguyen discusses the so-called ‘China Shock 2.0’ with Nils Redeker and Jannik Jansen, and the question of how Europe should respond to China’s growing industrial dominance.
Whilst the first China shock mainly affected basic consumer goods, key European industries are now coming under pressure: electric cars, batteries, solar panels, mechanical engineering and other future technologies. Chinese companies are gaining market share not only in their domestic market, but increasingly also in Europe and third markets – supported by a long-term industrial strategy, extensive subsidies and enormous production capacities.
Just how great is the challenge for Europe’s economy? What role do China’s export surpluses play in the current crisis facing German industry? And how should the EU respond – with tariffs, new protective measures or stricter rules on Chinese investment in Europe?
An episode on competitiveness, industrial policy and the question of how Europe can maintain its economic strength in an increasingly geopolitical world.
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