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Rising sales of manufactured goods are supporting China’s economy and creating jobs, but countries from Europe to South Asia could simply lose jobs.
By Keith Bradsher
Reporting from Beijing
China’s factory exports are growing faster than expected, jobs around the world are threatened, and provoking a developing backlash.
From metal and automobiles to consumer electronics and solar panels, Chinese factories are increasingly finding foreign buyers for their products. The world’s appetite for its products is welcomed through China, which is experiencing a severe slowdown in what had been the main driving force of economic growth: component structure and progression. But other countries worry that China’s rise will come at their expense and are starting to act.
The European Union announced last week that it was preparing to impose tariffs, which are import taxes, on all electric cars from China. The European Union said it had uncovered “substantial evidence” that Chinese government agencies were illegally subsidizing those exports, which China denies. .
The amount of the price lists will not be fixed until the summer, but will apply to any electric vehicles imported through the bloc from March 7.
During a stopover in Beijing in December, European leaders warned that China is compensating for its property crisis by building far more factories than it needs.
China already produces a third of the world’s manufactured goods, more than the United States, Germany, Japan and South Korea combined, according to the United Nations Industrial Development Organization.
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