German media: Davos sounds the alarm, Europe has been left behind by China and the US!
On January 24, Germany's "Spiegel" magazine published an article: "At the Davos Forum, executives of multinational companies from various countries openly stated that Europe will be left behind by China and the US, as it is weighed down by excessive regulation, a cumbersome bureaucracy, and poor integration of a single market. Coupled with high energy costs, Europe lags far behind China and the US in key industries. Executives called on Europe to consolidate resources and form a unified strategy to jointly cope with the competition from China and the US!"
[Witty] The alarm from Davos shattered the illusion of Europe as the third pole of the world! From its revival after World War II through the Marshall Plan, to now failing to integrate a single market of 450 million people, each country builds its own ships and sets its own rules, having only the name of integration but being disunited. Excessive regulation stifles innovation, high energy costs drain industrial profits, while China and the US, one relying on an efficient market to concentrate efforts, the other leading with solid strength, Europe remains caught in the rift between the US and Europe, struggling to decide whether to rely on either side. The glory of the colonial era has long faded, and now even businesses have realized that it is not that Europe is being left behind by China and the US, but rather it is being dragged down by its internal squabbles and weakness. The call for integration is nothing more than a futile cry after the disease has become incurable!
Original source: toutiao.com/article/1855177194423428/
Disclaimer: This article represents the views of the author alone.