Chinese businesses criticise EU's 'de-risking' approach
Chinese businesses criticise EU's 'de-risking' approach
Chinese businesses criticise EU's 'de-risking' approach
Since the announcement of the “de-risking” paradigm, the European Commission has presented multiple policies aiming to reduce the dependence on China, notably on critical raw materials and products needed for the energy transition, such as solar panels and wind turbines.
As a recent survey reveals, 73% said that their operation was negatively affected by the “de-risking” approach. Nevertheless, 83% of the businesses report that they want to expand their presence in Europe, with a majority expecting revenue from existing operations to increase.
"Chinese enterprises are really concerned regarding the EU’s de-risking strategy and trade barriers, they believe that this initiative will harm China and the EU and impact global economy recovery,” Yang Xiaohong of Roland Berger said when presenting the survey results.
I would hope they are displeased. Chinese companies don’t act in "good" capitalist faith, with just the amoral goal of obtaining profit, they are always an extension of the governments machinations.
The less dependent Europe is on China the better.
What is good capitalist faith and how is the amoral amassing of more capital not the goal of businesses from capitalist countries?
The point is, that should be the goal in a capitalist system. Making money. It sucks for the normal people, but that’s how things are for the time being. The issue is that Chinese corps dont do that. They further the geopolitical agenda of a government.
That's just like any company Lol