EU Leaders Prepare for 'China Shock 2.0' Amid De-industrialization Fears
European Commission leaders are considering a tougher economic stance on China, potentially leading to new trade and industrial measures later this year due to rising fears of de-industrialization.
European Commission leaders are preparing to harden the EUβs economic stance towards China at a pivotal debate on Friday, opening the door to a new wave of trade and industrial measures later this year. Sources indicated that a majority β though not all β of the 27 commissioners, including President Ursula von der Leyen, are supportive of a more robust trade and industrial policy, amid rising fears of de-industrialisation, in what is now widely described in Brussels as the βChina shock...