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© Thomson Reuters 2023.EU does not want to decouple from China but must protect itself, says EU trade chief
By Brenda Goh SHANGHAI©2024 GPlusMedia Inc.
7 Comments
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TaiwanIsNotChina
Is this your belief about China today or your dream about some hypothetical future? Last I heard there was 20% youth unemployment in China because nobody wants knowledge work done there.
RichardPearce
PT, Chinese labor isn't cheap anymore. The low wage, low training work isn't happening in China, it's happening in countries in China's region, in factories under contract to Chinese businesses, then shipped to China where the knowledge work is done by educated and reasonably compensated Chinese.
There's a reason why years ago, the top 10 sources of peer reviewed academic papers in the 'strategic sciences' were mostly Chinese universities and research parks, and now that holds true for the top 10 sources of 'important' (highly cited by other papers) ones, too.
China has a healthy middle class who AREN'T being burdened by having to 'bail out' oligarchs and developers who, after years of reaping high private profits want the losses to be eaten by the taxpayers.
PTownsend
European, like the American ruling caste want to continue to not pay decent wages to their workers, and will use cheap Chinese labor instead. The 'western' brand of allegedly 'free' market capitalism and also the Chinese brand of state capitalism both fully exploit workers so the ruling caste can continue to maintain their wealth and power.
TaiwanIsNotChina
I believe some sources are in order that the EU isn't doing this on their own. The US was right to use every bit of leverage to try to get vital communications equipment to not be supplied by hostile countries.
TaiwanIsNotChina
Only in their Orwellian countries.
RichardPearce
He could hardly admit that the EU 'cooling relations' with China are to protect itself from AMERICAN hostility.
quercetum
Putin is visiting Beijing in October. Whenever Xi and Putin meet they makes waves.