Reported 9 months ago
Economic analysts De Leus and Gijsels recently highlighted escalating trade tensions among China, the US, and Europe in the electric vehicle and green energy industries in a published article. This has led to China exporting a large number of electric cars, impacting Europe's industrial heartland. To avoid sanctions from the US and Europe, China is now turning to establish factories or export in third countries, reshaping the global investment landscape. The ongoing trade wars between China and the EU are expected to spark mutual reactions, with tariff policies encouraging Chinese firms to build overseas factories. While facing losses in the US market, China's growth in other markets is offsetting the damage, as many US companies are relocating suppliers outside China to countries like Vietnam and Thailand, boosting Chinese exports to these regions significantly.
Source: YAHOO