Restricting Chinese firms is own goal against Europe's economy: Analyst
Senior fellow at Taihe Institute Einar Tangen says European efforts to impose new restrictions on China could ultimately hurt the EU's own economy more than China’s.
Tangen argues that unlike the United States, Europe relies heavily on exports and needs access to large and stable markets such as China. He says adopting measures similar to those used by Washington risks undermining European economic interests and limiting opportunities for growth.
He also says divisions among EU member states make it difficult to pursue a coherent strategy. According to him, Europe needs to focus on increasing competitiveness and expanding sales abroad, rather than restricting trade, warning that energy challenges and declining trade surpluses are adding to the bloc's economic difficulties.
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