Opinion Piece: China’s increasingly large manufacturing production to hit the wall in Western economy
In this piece for Herald, Bruegel Senior Fellow Alicia García-Herrero takes a closer look at China’s “new productive forces” concept, the reactions from the US and the EU, potential reactions from other parts of the world, and what the overall consequences of these developments are – for China, the EU, the US, and the world.
One paragraph of the piece reads: „Given the rapid pile up of production in China and the increasingly harsh response of the rest of the world, especially the US followed by the EU, it does seem as China may indeed be hitting the wall with a supply-focused growth model which increasingly depends on foreign demand to create growth.”
