www.antena3.ro/economic/fabricile-europene-amenint

European manufacturers may abandon competition with Chinese rivals by the decade's end, warns Jens Eskelund, president of the EU Chamber of Commerce in China. He suggests that firms might shift from a 'Made in China for China' model to 'Made in China for the world.' Eskelund highlights the existential crossroads for European producers amid rising trade deficits and increasing protectionism in the EU. He emphasizes the need for Europe to adapt its policies to integrate into Chinese supply chains rather than compete. Eskelund also notes the potential for massive job losses and economic decline if current trends continue, particularly in the automotive and chemical industries. He advises European leaders to engage in dialogue with China to create mutual value, as competition with Chinese firms becomes increasingly challenging.