19
submitted 17 hours ago* (last edited 17 hours ago) by MicroWave@lemmy.world to c/world@lemmy.world

Rising volume of components imported from China prompts warning of cannibalisation of European industries

Europe is facing a fresh China shock that threatens to cannibalise local factories, leading to job losses and de facto colonisation of industry by Beijing, trade analysts and representatives have said.

They fear the plunging exchange rate and support for Chinese “zombie firms” has echoes of the crisis in the US 25 years ago when the term “China shock” was coined. It referred to the impact of China bursting on to the global trade stage after becoming a member of the World Trade Organization, with soaring imports displacing local industries and causing the loss of up to 2.5m jobs.

Jens Eskelund, the president of the European Chamber of Commerce in Beijing and a seasoned China watcher, said: “When people think of China imports, they think of finished goods like EVs [electric vehicles] but that is not where the problem is. It is the sheer volume of components being imported from China. If anything, Europe is getting more dependent on China.”

you are viewing a single comment's thread
view the rest of the comments
[-] panthera_@lemmy.today 1 points 9 hours ago

The EU must get China to buy more European products. The EU should tell China to encourage more tourism to Europe and send students. Hopefully, Chinese students are willing to learn languages such as French or German.

this post was submitted on 19 May 2026
19 points (100.0% liked)

World News

56178 readers
1984 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS