INSUBCONTINENT EXCLUSIVE:
Germany’s iconic machine makers used to be among the loudest cheerleaders for ever-closer economic ties between China and Europe.
Now, as
exports dwindle and facing “increasingly strong [Chinese] competitors” beefed up by “unfair state subsidies”, the industry is
demanding that Brussels put in place trade barriers to protect it.
A new position paper published on Thursday by the Mechanical Engineering
Industry Association (VDMA), representing medium-sized manufacturers that help constitute...
