China’s plan to get around Western tariffs: Fill the world with factories
China’s plan to get around Western tariffs: Fill the world with factories
In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
cross-posted from: https://lemm.ee/post/44172684
Okay, here's the part I don't understand:
China is aware that its investments can be a bargaining chip for member states to bring down their trade barriers. At the same time, setting up in the EU would be a way of avoiding tariffs, if they end up being confirmed: cars would have the “produced in the EU” stamp, leaving behind added value, employment and the transfer of knowledge.
Could the EU not just put restrictions on Chinese-owned car companies regardless of where the factory might be located?
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Putin: they can DO that?!?
5Invest billions of dollars? Yes, because they have billions of dollars. Russia has been reduced to bartering for their imports.
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So.. invest in other countries and create jobs there? What's so bad about that?
3The Chinese like to import their citizens as well into those jobs. See Africa.
5It's not, but anglosphere media will keep trying to portray it so lol
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Dastardly
0El Pais - News Source Context (Click to view Full Report)
Information for El Pais:
MBFC: Left-Center - Credibility: High - Factual Reporting: High - Spain
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