
Europe Is Losing Its Industry To China’s Second Shock
Surging Chinese exports, a sliding renminbi and a depleted European industrial base are colliding — and Brussels has run out of time to respond.
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Franz Nauschnigg was head of European affairs and the international financial organisations division at the Österreichische Nationalbank, having also worked in the Austrian economics, agriculture and finance ministries. He is a member of the board of the European Task Force on Carbon Pricing.

Surging Chinese exports, a sliding renminbi and a depleted European industrial base are colliding — and Brussels has run out of time to respond.

The European Union should apply import tariffs, instead of imposing an embargo.

In the UK currently there is a heated debate between those who want to stay in the EU and those who want to leave the