www.g4media.ro/producatorii-europeni-risca-sa-nu-m

European manufacturers may struggle to compete with Chinese firms by the end of the decade, warns Jens Eskelund, president of the EU Chamber of Commerce in China. He highlights the risk of losing ground in the manufacturing sector, impacting jobs and national economies. Eskelund suggests a shift in strategy, encouraging local producers to engage in supply chains with Chinese companies rather than viewing them solely as competitors. He cites a Goldman Sachs report predicting a potential GDP decline for the EU due to rising Chinese exports. Eskelund emphasizes the need for Europe to adapt to China's industrial strategies, which focus on self-sufficiency and reducing external dependencies.