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China draws in Europe’s businesses despite alarm over competition (lemmy.ml)

submitted 2 weeks ago* (last edited 2 weeks ago) by SouffleHuman@lemmy.ml to c/china@lemmygrad.ml

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cross-posted from: https://lemmy.ml/post/40035995

https://archive.ph/1hnqw

European manufacturers are increasing their investment in Chinese factories, despite growing anxiety among the continent’s political leaders about industrial dependence on the world’s exporting superpower.

A survey [...] found that about one-quarter were moving more production into the country — twice as many as were diversifying to other countries. The numbers included 80 per cent of respondents in the pharmaceuticals sector, 46 per cent in machinery and 40 per cent in medical devices.

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