“China’s charm offensive—no matter how timely given Trump’s aggression against the EU—should be ignored,” argues Alicia García Herrero of Natixis, an investment bank. Profit margins are razor thin, foreign companies are at a disadvantage and anyone hoping to transfer technology from China to Europe will do so in vain, cautions Ms García Herrero.
Ms. Herrero speaks wise words imho. This is what we have been observing for a long time now, and it is once again confirmed just recently in a survey published by the European Union Chamber of Commerce in China. I can’t think of a non-Western company that has been successful on the Chinese market in the long-term, because foreign companies are at a strong disadvantage for a huge variety of political (not commercial or technological) reasons.
But, as the article reads at the end:
America and China are not the only options available to European businesses.
Good.
Agreed, just because the US has gone dumb, doesn’t make China a good guy.
Well said.
Given that a lot of european companies are talking about massive investments in usa, I really dont think so