this post was submitted on 08 Mar 2024
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The European Commission says China hasn’t been playing fair in that its government has been paying subsidies through “direct transfer of funds,” among other actions, reports Reuters – which the EC says tips the balance in China’s favor and leaves European automakers out to dry.

Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

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[–] spacedout@lemmy.ml -5 points 1 year ago* (last edited 1 year ago) (2 children)

I think it's hard to tell and would advise against bombastic blanket statements like this, especially on China. We're talking about one billion people and the world's largest economy, after all. Our ability to clearly analyze China is hindered by its own opaqueness, but one should not forget the thick layer of propaganda we in the West are served whenever we're talking about one of the so-called strategic adversaries.

[–] crispy_kilt@feddit.de 4 points 1 year ago

the world’s largest economy

Incorrect. It is the second or third largest, behind the USA and the EU, depending on whether you count the EU as one economic entity.

[–] 0x815@feddit.de 3 points 1 year ago (1 children)

I posted a link above, there's enough information available and certainly more than one can post here. In a nutshell: nothing good ever comes from an authoritarian regime.