Part 10/11:
Grassroots changes in sentiment can be seen within the German Mechanical Engineering Industry Association (VDMA), which now calls for tougher measures against what it deems unfair practices by Chinese competitors. A perception of being squeezed by heavily subsidized Chinese goods fosters a growing urgency for the EU to respond with countervailing duties.
The Complexity of EU-China Relationships
Amid all this, European Central Bank President Christine Lagarde delivered a veiled warning in Beijing, calling for balanced trade cooperation and expressing concerns over rising industrial subsidies. Complexity abounds as China’s alleged ties to Russian sanction evasion and geopolitical frictions compound issues.