Treasury Secretary Janet L. Yellen warned that China’s industrial strategy posed a global threat that requires a united response.
La economía china se beneficia del aumento de las ventas de productos manufacturados al exterior, que crea empleos. Pero el impacto podría sentirse en las fuerzas laborales de Europa y Asia.
Increasing overseas sales of manufactured goods are helping China’s economy and creating employment, but countries from Europe to South Asia may lose jobs.
The U.S. automaker’s plan to enlarge its operations outside Berlin has divided local residents. Some worry about the environmental costs; others see job prospects.
Volkswagen is shifting more operations to China, tapping the country’s electric vehicle capacity and building factories.
China, an electric-vehicle juggernaut, will have at least seven brands on display, while Germany’s automakers are now a drag on their home economy.
The electric automaker wants to produce a million cars a year at its plant near Berlin, a step that would make it Europe’s largest car factory.
The electric automaker wants to produce a million cars a year at its plant near Berlin, a step that would make it Europe’s largest car factory.
No country has had more export success than China. But Beijing faces risks in turning to the tested method of selling more abroad.
The European Union is trying to assemble the building blocks to produce electric cars, but subsidies are luring companies to the United States.