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This article has an undertone of China "taking over" the west, as it raises a "red flag at the European Union level". Yet if you look at the data objectively,
by jaschen1980 8y ago
This article has an undertone of China "taking over" the west, as it raises a "red flag at the European Union level".
Yet if you look at the data objectively, Chinese companies (both private and state-owned) are just playing by the rules of the western market economy. They are purchasing and investing, playing the capitalist game just like everybody else.
The west also has state-owned enterprises. In Canada, we call them crown corporations (e.g., Bombardier). Yet whenever a corporation is owned by a western government, tons of waste happens and somehow our companies rarely make products that are competitive with the global market. They are just not competitive.
So it seems to me that China and their companies are playing the capitalist game better than EU, and the core of EU are being sour grapes.