EU manufacturers could give up on competing with China by 2030, warns commerce chief

Jens Eskelund says Europe may need to allow its companies to become part of Chinese firms’ supply chains Europe’s manufacturers could give up on attempting to compete with their Chinese counterparts by the end of the decade if current trends continue amid fears over mass job losses, the head of the European Union Chamber of Commerce in China has warned. In a case of “if you can’t beat them, join…

First reported by The Guardian 47 min ago1 source

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The Guardian06:0047 min ago
EU manufacturers could give up on competing with China by 2030, warns commerce chief (opens The Guardian in a new tab)
Jens Eskelund says Europe may need to allow its companies to become part of Chinese firms’ supply chains Europe’s manufacturers could give up on attempting to compete with their Chinese counterparts by the end of the decade if current trends continue amid…

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