Reported about 1 year ago
A commentary published in Düsseldorf's 'Handelsblatt' on July 5, 2024, highlighted the EU's need to resist China's subsidies and competition across various industries to counter the significant price advantages Chinese competitors hold due to government support. German companies face intense price pressure from Chinese rivals in various sectors, with over 70% reporting that Chinese products are at least 10% cheaper, and 30% mentioning a price advantage of at least 30%. The article emphasized the necessity for the EU to implement special tariffs to address unfair competition practices. German industrial enterprises are in support of such measures due to being cornered by these circumstances and realizing the urgency of rectifying the unfair competitive situation.
Source: YAHOO