New Delhi, July 23 (IANS) With investments in China no longer turning out to be profitable due to the overcapacity in the economy with excessive competition that has triggered price wars, India is a much better destination to invest for European companies, according to an article in the Euractiv.The article highlights that profits have crashed not only for foreign companies but domestic Chinese companies as well due to the weak local demand for goods that has led to a glut in the markets.“Indi…
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New Delhi, May 22 (IANS) Europe is among the most exposed to the China shock as it faces a price war, a massive surge of cheap Chinese goods imports and de-industrialisation, but they are not taking the necessary actions against these threats because of fears of retaliation and coercion from Beijing, according to an article published by the European Council on Foreign Relations (ECFR).The article laments that a comprehensive policy package to offset this imbalance with China — including import…