Growth is very slow? That doesโnt sound too bad
It's manageable in the short term, in the long term not so great... (https://www.perplexity.ai/search/what-happens-if-a-country-cont-cMVBH6grSxiue2WxpSi02g)
Ideally the most polluting sectors would be the ones shrinking.
That's true but the problem is they're not, the work is just shifting to China
Europe should want its heavy polluting industries to remain in Europe because at least you're working on reining them in + Europe gets to keep jobs and put that money towards renewables and good things, if Europe taxes and regulates them so heavily they just go to China where they pollute at astronomical levels and Europe gets none of the benefits
โToo afraid of China:โ Meyer Burger chief quits and lambasts EU for failing to defend solar industry
Skip forward a year:
In its present form the Swiss photovoltaic specialist Meyer Burger is now a memory. In the US, production has been stopped and 280 employees laid off. For the German subsidiaries โ with over 600 employees โ insolvency proceedings have been filed.
https://www.swissinfo.ch/eng/various/meyer-burger-at-the-end-credits/89451201
There's more:
Germanyโs biggest companies cutting jobs in Germany and investing in China
Volkswagen: Facing potential job cuts of up to 30,000 in Germany, Volkswagen has made significant investments in China, including 2.5 billion euros ($2.6 billion) to expand EV production in Hefei and a further 700 million euros in EV technology partnership with Xpeng.
BASF: The chemical giant is cutting 2,600 jobs, mainly in Germany, while investing 10 billion euros in a new chemical complex in Guangdong, China.
Bosch: Announced plans to cut 7,000 jobs in Germany as it increases investment in Chinaโs e-mobility and automated driving sectors.
BMW: Expanded production in Shenyang, China, with a 2.5 billion euro investment, allowing the company to move production closer to its target markets.
SAP: Plans to cut 9,000 to 10,000 jobs in Germany while reallocating resources to high-growth markets abroad.
https://asiatimes.com/2024/11/germany-closing-factories-at-home-opening-them-in-china/
Mario Draghi released The future of European competitiveness
I really wish there was a way to keep up with what the EU has been doing with this info