Europe’s phoney war with China is at an end. After years of building up an improved arsenal for a trade war, Europe is now showing it is willing to get tough on Beijing.
On Tuesday, EU investigators swooped on the Dutch and Polish offices of Nuctech, a maker of security scanners, in a case that hinges on one of Europe’s longest running grievances with China — lavish state subsidies that help Chinese firms undercut European rivals.
Nuctech was once run by Hu Haifeng, son of President Xi Jinping’s predecessor, Hu Jintao, and China’s reaction was predictably seething. The raid “highlights the further deterioration of the EU’s business environment and sends an extremely negative signal to all foreign companies,” China’s mission to the EU fumed.
The timing of such an inflammatory raid seems significant, ahead of a trip to Europe by Xi next month — his first in five years, taking him to France, Serbia and Hungary — marking a definitive shift in the way that Europe is prepared to tackle its trade problems with China.
Interesting. Any further details? Please explain as if I’m a high schooler. 😅🙏
High schooler. Got it.
So you’re pals with this guy Xi. He helps you with your homework. Turns out he’s only pals with EU because he’s banging your sister, Europa, after homework is done. So when you’re at Xi’s place you want to bang his sister, but he says no. You want so say no, but then no more homework help, so you study hard to do your own homework and say hands of my sis, creep.
Then you wait to see what happens. Maybe Xi now only bangs Hungary but she’s a dirty slut anyway.
lmao alright. Perfect, thank you. And finally, what are the real world sisters and the homework? 😄
Trade and cheap manufacturing/materials respectively. That’s the simple version anyway.
No wait, your problem is xi is flooding the market with cheap homework so there’s no point in anyone else doing it. It’s easier to just use his that he’s practically giving away leading to everyone being dumb.
You want to… er… do your own homework so you can grow up strong and clever.
Ok no sorry I think the analogy is just wrong :)
I prefer the term “oversimplified”.