Europe can fight the ‘China shock’

Europe can mitigate the impact of the 'China shock' by embracing creative destruction and prioritizing innovation, according to a new report. The report, published by the European Centre for International Political Economy, suggests that Europe can compete with China by focusing on high-value manufacturing and technology.

The report also highlights the importance of addressing the challenges posed by China's state-led capitalism, which has allowed it to gain a significant advantage in certain industries.