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Adam Wolfe in The Economist: ‘Europe’s economy is under attack from all sides’
26th MAR. 2024
In The Economist's recent News piece, Adam Wolfe highlights the rise in China’s exports, in response to Mr Xi’s desire to increase the country’s independence. He responds to the impact on European firms, and the potential consequences for the European car market.
"A weaker China aiming to be less dependent on foreign inputs will buy fewer cars, less machinery and less high-tech equipment, precisely the goods that lifted European exports during the first China shock. China’s economy is also much larger than it was at the turn of the millennium. As Adam Wolfe of Absolute Strategy, a consultancy, notes, the rise in China’s exports since 2019—moderate as a share of the country’s GDP—has already felt like a deluge elsewhere."
