Reported about 1 year ago
An article by Deutsche Welle on July 1, 2024, discusses the escalating trade tensions between the EU and China over punitive tariffs imposed on Chinese electric cars, highlighting the deeper economic crisis within China due to overinvestment in infrastructure and a stagnant real estate market leading to high levels of household debt. The article suggests that China's export-focused strategy is facing challenges, with industries like automotive, electronics, pharmaceuticals, and chemicals suffering from excess production capacity, potentially leading to global trade disruptions and rising prices. Additionally, concerns are raised about the security risks posed by Chinese and Russian technology products, with warnings about cyberattacks and the implications of using products from these countries in Europe. The article emphasizes the dominant position of Chinese companies in various tech sectors such as smartphones, laptops, smart home devices, and surveillance cameras, urging caution and considering potential connections to state power and military entities. Overall, the analysis indicates a complex interplay of economic and security factors affecting global trade dynamics and technological dependencies.
Source: YAHOO