A deep crisis hits European industry under the pressure of Chinese competition
Witness escalated its crises, with a noticeable decline in the production of strategic sectors, including , plastics, metals, and the automobile industry, due to the significant increase in , the slowdown in global demand, and the escalation of Chinese competition.
In France, efforts to support the industrial sector declined after the liquidation of the “Insect” company.
European Industry
While the German Federation of Industries described this decline as a “structural defect” that reflects a deep crisis, at a time when the German chemical industry reached its lowest levels in three decades.
On the other hand, China continues to strengthen its influence within the European market, as expectations indicate that European Union imports will decrease The number of Chinese cars in 2025 will exceed its exports to it.
China’s superiority
In addition to China’s superiority in producing steel and offering it at very competitive prices within Europe.
Although the European Commission seeks to support affected industries through initiatives such as the “Steel Plan,” these moves raise increasing concerns about rising costs and a decline in the competitiveness of the European industry in the medium and long term.
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