Press

Der erste „China-Schock“ zu Beginn des 21. Jahrhunderts, als das Land der Welthandelsorganisation (WTO) beitrat, deindustrialisierte vor allem den Nordosten und mittleren Westen der USA. Der zweite „China-Schock“ jetzt trifft die EU – und ganz besonders Deutschland. „Für deutsche Hersteller, die der Logik des Kapitalismus unterliegen, Gewinne erwirtschaften und Erträge für Innovationen erzielen müssen, ist es nahezu unmöglich, mit den staatlich unterstützten, preislich konkurrenzlosen Exporten Chinas mitzuhalten“, sagt Sander Tordoir.
 
 

"A lot of drudge tasks can be pushed to AI to free up human labor," John Springford, a labor market expert at the Centre for European Reform, told DW. "But there's a good reason to believe that professional, knowledge work won't shrink."

Another pro-Brussels think tank, the Centre for European Reform, takes a more hardheaded view. The economic boost only comes if Britain aligns its regulations with its neighbors and the EU lets it access its single market.
That deal is not on the table. Even piecemeal single-market access would mean making hefty payments to Brussels. “The more barriers to trade you want to remove the more you have to offer on alignment, money and movement (on immigration controls),” the CER wrote.

Germany was relatively sheltered from the first China shock, when Europe was flooded with consumer goods such as electronics and furniture. Now, China is competing and winning in advanced industrial manufacturing — traditionally, a German strength — according to Brad Setser and Sander Tordoir, writing for the Centre for European Reform.