Foreign media: At an economic conference in Berlin, Jens Eskelund, President of the European Chamber of Commerce, pointed out that Europe's push for "de-risking" from China has instead made European companies more dependent on China, rather than reducing such dependence.
He said Europe fundamentally misjudged the significance of China for European businesses—China is no longer just a profitable market, but has become an indispensable part of the global supply chain.
A survey conducted by the chamber from January to February this year among nearly 300 member companies revealed that the proportion of firms increasing local production in China reached a record high. 56% of respondents said they are expanding their domestic capacity in China, while only 7% indicated they are solely increasing offshore outsourcing.
Eskelund emphasized that China's supply chain competitiveness is extremely strong, and integrating into it is often the only way for companies to produce optimal products at the lowest cost.
Original source: toutiao.com/article/1869588195519488/
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