Europe is facing growing concerns over a new “China shock” that analysts warn could accelerate deindustrialisation across the continent, threaten local manufacturing, and deepen dependence on Chinese imports
Trade experts and industry representatives say the combination of heavily subsidised Chinese production, low-cost exports, and currency imbalances is placing severe pressure on European factories and supply chains The concerns echo the original “China shock” experienced in the United States after China joined the World Trade Organization, a period linked to the loss of millions of industrial jobs due to rising imports
Jens Eskelund, president of the European Chamber of Commerce in Beijing, warned that the issue extends far beyond finished goods such as electric vehicles
