2026-07-10 15:49 UTC
@rysiek@mstdn.social since China does not want to import and by now produces everything itself, it does not care for import goods to be expensive. The few things they need to buy they can subsidize. Therefore Chinese companies reap the benefits of the undervalued currency but are shielded from the disadvantages.
All Chinese companies also have access to super cheap loans while the European competition needs to play by fair market rules.
The goal is basically to kill all manufacturing outside China.
Replies (1)
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@mr_harm@mastodon.social 2026-07-10 15:51
@rysiek@mstdn.social and then sell all the products and make money off having a dependent economy. I'm not even talking about neocolonialism in Africa, the environmental protection costs they don't have, forced labour and so on. We will pay for the cheap products in the long run if we don't act now. Whether the automotive industry deserved it or not, we need to act here.