🔍 The Overcapacity Debate: A Distraction From Real Issues?
Recent claims by the EU and U.S. about China’s 'overcapacity' in green industries have sparked heated debates. But experts argue these accusations overlook deeper challenges facing Europe’s economy. Let’s unpack why pointing fingers at China won’t fix the EU’s competitiveness struggles.
🏭 Europe’s De-Industrialization Spiral
Since the 1980s, EU nations have seen manufacturing decline, dropping from 16% of GDP in 2007 to 15% today despite a 're-industrialization' push. The Russia-Ukraine conflict worsened energy costs, pushing firms like Siemens to shift investments to the U.S. 📉 Germany saw corporate bankruptcies surge 23.5% in 2023, per Creditreform data.
⚡ Green Tech Lag & Missed Opportunities
Europe’s slow progress in AI, big data, and smart EV systems is hampering its green transition. Meanwhile, China leads in solar, wind, and EV tech. 'Cooperation could boost EU industries,' says Sun Yanhong, a CASS researcher. Yet protectionist measures risk stifling innovation and supply chains.
🤝 Partnership Over Protectionism
With global green goals at stake, experts urge EU leaders to address internal structural issues rather than isolate China. After all, the climate crisis won’t wait for political squabbles. 🌱
