24 Hrs
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عربية – DW
Europe Faces China Shock 2.0
The European Union has called for more decisive action to address the imbalance in its trade relationship with China, as the EU’s deficit reached 360 billion euros last year. China continues to export cheaper goods, including high-value industries such as electric vehicles. The bloc aims to maintain its trade relations with China while reducing reliance on them, amid growing concerns over China's strategy, known as "China Shock 2.0." France, Spain, and other EU member states are leading efforts to impose tougher measures against Chinese trade practices, while Germany remains cautious about taking a strong stance to balance protecting its industry with supporting exports. These issues will be discussed at the G7 summit and EU meetings in June.
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