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German Finance Minister and Vice Chancellor Lars Klingbeil said Germany could no longer rely solely on traditional free-trade principles while China strengthened its competitive position.
“They’re not playing by the rules,” Klingbeil … said. “Overcapacity, state subsidies, joint venture obligations – all these things.”
“We simply have to do more in this regard,” he added.
His comments come amid growing concerns over Europe’s industrial competitiveness. European policymakers have increasingly argued that stronger trade-defense measures and industrial support mechanisms may be necessary to counter competitive pressures from China.
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Have they tried not making their domestic energy costs sky high, while China invests heavily into lowering theirs with nuclear and solar?
You can choose between cheap and nuclear but you can‘t have both. China also heavily invests in coal mind you.
