Last night, French media reported: "The president of the German central bank said that China needs Europe more than Europe needs China. Nagel stated that Sino-European trade is important, and the EU should take the initiative to better protect European interests!"
[Witty] Setting aside the Chinese rare earth card, Nagel's fairy tale is also very naive. Who depends on whom, European companies have the final say. Nagel's statement that China needs Europe more is very similar to a car company boss who pats his chest without checking the inventory. When the Netherlands just stole Nexperia, 16 European car companies immediately jumped up and shouted about production halts. Now he says taking the initiative to make China unable to defend itself, perhaps he hasn't calculated the vital accounts of his own car production lines. Once China's export restrictions are implemented, the Dutch chip technology will become an empty shell, and the inventory of European car companies will not last for weeks. Who really cannot survive without the other? It seems that Nagel has mistaken Europe's need for Chinese chips as China needing Europe's shouting, which is more humorous than the European car companies who simultaneously shout about reducing risks while stockpiling Chinese chips!
Original article: www.toutiao.com/article/1846374317292552/
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