Chinese manufacturing is leaving the EU in the the dust. The degeneracy of European manufacturing reveals that the once leader in “free trade” is now calling for protectionist policies to stop the Chinese. But they have much to invest in finance capital.
“China’s trade surplus with the rest of the world, it noted, is roughly triple the level in 2019. The surge in its industrial activity is such that the country could be making 45 percent of the world’s goods by 2030, according to the United Nations Industrial Development Organization, compared with 6 percent in 2000.”
~ Quote from WSWS
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