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>What does the EU stand to gain from trying to kneecap China's technological development? Same reason it's a thereat top the US. Because China's technological

>What does the EU stand to gain from trying to kneecap China's technological development? Same reason it's a thereat top the US. Because China's technological development is a threat to the profitability of EU companies, meaning it's a threat to the EU citizens standard of living. Because who would buy anything made in EU if products from China cost half as much at the same quality? Why do you think they're putting so high tariffs on Chinese EVs despite the EU's push for zero carbon environmentalism. If they cared so much about the environment they would import cheap Chinese EVs to accelerate the switch to EVs, but they care more about preserving jobs and profits in the union which is what every country prioritizes, because otherwise profits would collapse, unemployment would skyrocket.

bgnn 2y ago
This is shortsighted. A lot of EU businesses can, and do, benefit from partnering with China. Most EU countries willingly and intentionally de-industrialized in the past decades (see Dutch disease) and moved the production to China. European countries also willingly and intentionally outsourced their technological edge to the US. This didn't end up in disaster either. Why should it be any different with China? When Japanese or Korean cars came we had almost the same reactions. Nobody complains now. Why should it be different with China? Most of the chips are produced in Taiwan. There is no way EU can catch up. What does, economically, change if this moves to China! Treating technology and economy as a zero sum game is simply wrong.