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German Finance Minister and Vice Chancellor Lars Klingbeil said Germany could no longer rely solely on traditional free-trade principles while China strengthened its competitive position.
“They’re not playing by the rules,” Klingbeil … said. “Overcapacity, state subsidies, joint venture obligations – all these things.”
“We simply have to do more in this regard,” he added.
His comments come amid growing concerns over Europe’s industrial competitiveness. European policymakers have increasingly argued that stronger trade-defense measures and industrial support mechanisms may be necessary to counter competitive pressures from China.
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Fucking imperialists pigs. Instead of investing into infrastructure and education they want to CHANGE the rules and demand China interfer in their economy so as not to overtake the western hegemony.
Things have change, but these us lapdogs and neoliberal idiots still think it’s 1991. They’ll drag all of Europe into more and more war and economic crisis.