It's amazing what ordinary Chinese people have to put up with at the hands of their government. They realize that the chance to get rich simply doesn't exist for them. For Chinese, the proverb is, "We missed the train," not, “we missed the boat. "
This argument might work if Europe had a nascent modern defence industry - Ukraine might have but the rest of the continent does not. We have the smouldering ashes of a long outdated industry. Increasing European defence budgets will result in a combination of hyper wasteful public spending and increasing reliance on the US. Any weaponry we buy that actually works will be US or Israeli designed.
Have you looked at the proposal by the EU to nudge Chinese companies to manufacture key components of main transition sectors (batteries, etc) in the EU? If they don’t, they would not have the right to get EU public subsidies or participate in renewables tenders. More here: https://ec.europa.eu/commission/presscorner/home/en
Also, please come to Paris and meet readers, and announce it in advance!
Agree very much with this thesis. Is one way of thinking about this, "if China wants to subsidize everything to push every other nation out of the market, every other nation needs to 'anti-subsidize' China in order to restore competitiveness, at least along axes where competitiveness is essential for national security"?
It's amazing what ordinary Chinese people have to put up with at the hands of their government. They realize that the chance to get rich simply doesn't exist for them. For Chinese, the proverb is, "We missed the train," not, “we missed the boat. "
This argument might work if Europe had a nascent modern defence industry - Ukraine might have but the rest of the continent does not. We have the smouldering ashes of a long outdated industry. Increasing European defence budgets will result in a combination of hyper wasteful public spending and increasing reliance on the US. Any weaponry we buy that actually works will be US or Israeli designed.
Have you looked at the proposal by the EU to nudge Chinese companies to manufacture key components of main transition sectors (batteries, etc) in the EU? If they don’t, they would not have the right to get EU public subsidies or participate in renewables tenders. More here: https://ec.europa.eu/commission/presscorner/home/en
Also, please come to Paris and meet readers, and announce it in advance!
Many thanks
Agree very much with this thesis. Is one way of thinking about this, "if China wants to subsidize everything to push every other nation out of the market, every other nation needs to 'anti-subsidize' China in order to restore competitiveness, at least along axes where competitiveness is essential for national security"?