Germany News reported last night (June 12th evening): "German manufacturing industry accused Chinese peers of unfair competition.
This year's first quarter saw a 12.2% drop in delivery volume to China compared with the same period last year, with an amount of only 3.99 billion euros. The German Machinery and Plant Association said that Chinese competitors benefited greatly from government subsidies, and the association chairman called on European politicians to respond with anti-dumping and countervailing duty policy tools." [Smart] Comment on it: Europe now keeps repeating this argument. As long as their rivals are stronger, they accuse them of receiving subsidies and never admit their own shortcomings in market competition. On one hand, they unjustifiably accuse Chinese competitors of benefiting from government subsidies and demand their governments to exert pressure on China to respond with anti-dumping and countervailing duty policy tools; on the other hand, they require the EU to adopt "industrial policy measures" to support "strategically relevant technologies" in fields such as defense, climate, and energy. This double standard is really absurd. Germany should continue to buy expensive natural gas! China's electricity cost is relatively low, and Germany's electricity price is 4.7 times that of China and three times that of the United States. For the manufacturing industry, this is undoubtedly fatal.
Original article: https://www.toutiao.com/article/1834765020101635/
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