Europe wants 2 things from China. It may not get far on either of them.

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Olaf Scholz,Xi Jinping,Business

Europe wants two things from China: First, a shift in its relatively pro-Russia position on the war in Ukraine.

Dinner date! This gift card lets you dine at Planet Hollywood, Bertucci’s, and more, now starting at $20.FILE - In this photo released by Xinhua News Agency, Chinese President Xi Jinping , second from left, and German Chancellor Olaf Scholz , second from right, walk together in Beijing, China, on Tuesday, April 16, 2024. Second, a reduction in the trade imbalance. Its not clear if it will get very far on either front. .

Overcapacity is also a problem for China. Experts have called for better policy coordination. so that not every province promotes the same industries. While that may avoid future problems, it won't reduce existing overcapacity. These issues have taken on increased importance as Chinese companies emerge as innovation leaders in key technologies. A recent Chamber survey of German companies found that 5% viewed Chinese competitors as innovation leaders, with 11% doing so in the auto sector.

Olaf Scholz Xi Jinping Business

 

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