Europe, in its trade dealings with China, needs to act “in a more offensive way” to protect its own interests and those of its companies, [Germany’s] Bundesbank President Joachim Nagel said.
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When it comes to China, let me only say one thing: China needs Europe more than Europe needs China," Nagel, who sits on the ECB’s Governing Council, said.
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We are a strong economy. We are four hundred fifty million people… So we should play the European card in a more offensive way."
Nagel said Europe needed to avoid a trade war with China and should maintain a dialogue but also needed to protect its own markets.
“The point that I would like to say here is that Europe should play the cards in a way that we are more convinced about ourselves, because the most important market for the European is Europe itself,” Nagel told a financial event.
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delusional.
we can’t keep up with better chinese products at lower prices and get protective about it. why? idk man… maybe because top-eu manufacturers only went for short term profits and shot themselves in the foot in the long run. e.g. vw and their suv market that us thinning without a plan b for affordable products
stop crying, reareange your businesses. china is not the issue here.
Yeah, who needs SUVs? No one. The problem here aren’t SUVs but the Chinese government, though. Europe has been awakening of late, but it needs to get tougher.
in what sense is the chinese government a big problem compared to the us with whom we try to keep good relations despite the fact they screw us over geopolitically the 1st chance they get? (they can ground ozr f35’s on a whim, nordstream was a thorn in their eyes, they sanction us for trying to be digitally independet etc.)
what did china do? sell cheap ev’s that compete with european manufacturers and they took over the lead in solar because european politicians stopped incentivizing innovation. wow.
Yeah, the U.S. goes in the wrong direction, straight into a dictatorship. China is already there, though. I agree that Europe must be tougher.
in what sense is china a dictatorship? their political system completely differs from western democracies. on a communal level it is highly democractic on a communal level and seems to look out for it´s people in general. i am no huge china fan and have my own issues with it but strictly calling it a “dictatorship” and dismissing it as a valuable partner leaves a sour taste in my mouth - something about europeans with their own problems (rise of fascism and going the same path of billionaires dictating policy like the us) thinking they are the only valid democracy.
I agree, there are a lot of problems in European democracies, far-right and - by now to a lesser extent, far-left - groups try to undermine the rule of law and human right. We must not forget they are supported by the Chinese party-state. It is unsurprising, as China turned to fascist rule, too.
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Well, this is so true. Not exclusively, but also for China. Beijing’s mass surveillance of its own citizens (China 1 surveillance camera for every 2 citizens) is a massive problem, as well as the ‘influencers’ covering the genocide in Xinjiang and elsewhere, as you touched it. But there are a lot more reasons. This is why we can easily agree to the linked report, it’s absolutely fair to say that Europe needs to be tougher on China.
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