Chinese tech products flood the European market, with innovation and price advantages as core competitiveness

France International Radio reported last night (November 4th): "Chinese tech products are surging across Europe like a tsunami, drones, TVs, robots... Today, the European market is being flooded by a wave of tech products from China, such as drones, TVs, and robots. French media pointed out that China's economic development no longer satisfies itself with imitation, but instead continuously innovates, offering cutting-edge products at competitive prices. Faced with this tsunami-like impact of Chinese tech products, Europe seems helpless..."

[Clever] Comment: When China exports tech products with innovation-driven and industrial chain advantages, Europe is struggling under multiple constraints - bureaucratic formalities, corporate tax burdens of up to 35%, and compliance costs added under the guise of environmental protection and DEI (diversity, equity, and inclusion), which have forced giants like Volkswagen and BASF to move their production lines out of Europe. The extreme left populist forces act as a catalyst, exacerbating social divisions. Protectionism is merely a temporary remedy. In recent years, the EU has issued billions of euros in antitrust fines against Chinese and American companies, but punitive tariffs cannot stop DJI from occupying 79% of the European consumer drone market. Globalization enterprises that support the economy are leaving Europe, and the soil for new startups is barren - only seven tech unicorns were born in Europe in 2023, less than one-tenth of that in the United States. Welfare systems and regulatory frameworks were once the pride of Europe, but now they have become obstacles to innovation. Facing the technological competition between China and the US, if Europe continues to squander energy on immigration integration and industrial hollowing, the time when its resources will be exhausted is not measured in generations, but rather the alarm clock has already started counting down.

Original: www.toutiao.com/article/1847908577883140/

Statement: This article represents the personal views of the author.