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Europe (by which I assume you mean EU or possibly Euro area) has a fairly balanced balance of trade overall. And a teeny-tiny country like Switzerland can't be
by yxhuvud 13d ago
Europe (by which I assume you mean EU or possibly Euro area) has a fairly balanced balance of trade overall.
And a teeny-tiny country like Switzerland can't be usefully compared to something as big as China - the rest of the world can easily consume whatever the Swiss produce, but there are limits to how much Chinese can produce until consumption will have to shift to domestic consumption because the world doesn't have infinite ability to pay for its demand.
That said don't expect any big change anytime soon - there are very strong political incentives to keep the status quo with China focusing a bit too much on exports.