New Delhi, May 26 (IANS) Major EU member countries are working towards taking stronger measures to prevent their economies from being hit by the flood of cheap goods from countries with “industrial overcapacity” such as China, according to a media report. “A paper signed by Spain, Italy, the Netherlands, France, and Lithuania, days before a major China-focused debate in Brussels, said the bloc must respond more aggressively to ‘systemic and structural industrial overcapacity’ – phrases often…
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New Delhi, May 21 (IANS) Germany risks repeating the United States’ early‑2000s deindustrialisation if it continues to admire China’s export success, a report has said and warned Europe’s largest economy about a sharp rise in bilateral trade imbalances and targeted Chinese industrial policies.“Germany remains hesitant, even as China has already eaten much of German industry’s lunch and is preparing to start on dinner,” the Brussels-based think tank Centre for European Reform (CER) sa…