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China’s self-reliance drive widens trade imbalance with Europe
The policy is squeezing European industries and adding pressure on policymakers to respond.
The New York Times reports that China’s effort to expand domestic manufacturing, often described as a self-reliance drive, is reshaping trade dynamics with Europe.
As a result, the trade imbalance between China and Europe has widened, raising pressure on European industries and policymakers to take action.
The outlet says the intensifying imbalance is a central factor behind the growing push for responses in Europe.
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