Europeโs fears about China trade threat miss the point
Europeโs political and business leaderships appear to have concluded that Chinaโs economic dominance represents an existential threat โ not from intrinsic competitiveness but from subsidies, technology theft, state-owned enterprises and a pervasive industrial policy. Cecilia Malmstrom, former European Commission member and a member of the European Parliament, wrote this week about โan ever more aggressive Chinaโ, which โseems to be entering a new phase of industrial policy with an increase of...