3 ms·
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
by 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.