Bloc ‘will not waver’ from making tough decisions to protect economy and security, says Ursula von der Leyen

The European Commission chief said she was “convinced that if the competition is fair” from China, then Europe “will have thriving durable economies”. But she said the “imbalances” caused by state support for Chinese industry leading to cut-cost products threatened jobs in Europe, and that was “a matter of great concern”. “Europe will not waver from making tough decisions needed to protect its economy and security,” she said.

  • UnderpantsWeevil@lemmy.worldEnglish
    5·
    2 months ago

    Massive government subsidies that allow companies to more or less run at a loss

    Where does a government that subsidies a company operating at a loss get the money to fund itself and its unprofitable company? And why is the Chinese economy continuing to grow (often faster than its western peers) if all its businesses operate at a loss?

    Its the same playbook as Wallmart

    The playbook Walmart uses is to buy cheap disposable foreign imports wholesale and then sell them to western consumers at a 1000% markup, knowing they’ll break and need to be repurchased in short order.