China Shock 2.0: Why Europe fears trade crisis could fuel the far right and industrial decline
CNA · Pearl Forss ·
China’s growing exports are putting pressure on European manufacturers, but Chinese investment also brings jobs and technology. Experts speak to CNA’s When Titans Clash about some of the thorny questions facing Europe’s leaders.
China’s growing exports are putting pressure on European manufacturers, but Chinese investment also brings jobs and technology. Experts speak to CNA’s When Titans Clash about some of the thorny questions facing Europe’s leaders.
SINGAPORE: He played a central role in negotiating China’s entry into the World Trade Organization (WTO). Then he became the director general of the global trade body.
Now a trade and economic adviser, Pascal Lamy has sounded a warning note about the political consequences if Europe’s trade deficit with China — at 1 billion euros (US$1.1 billion) a day — continues to widen.