EconomyEU manufacturers may abandon competition with China by 2030, commerce chief warns

Jens Eskelund, head of the European Union Chamber of Commerce in China, warns that European manufacturers could stop trying to compete with Chinese counterparts by the end of the decade if current trends persist. He says Europe may need to let domestic companies join Chinese firms’ supply chains, while warning that manufacturing losses could bring mass unemployment and rising social costs.

EU-China tradeEuropean manufacturingChinese supply chainsemployment

TThe Guardian★★★☆☆2026-11-10 06:00Original