Europe Warned of New 'China Shock' Threatening Local Industries

Europe faces a potential new 'China shock' as reliance on imports from China increases, raising concerns about the impact on local industries and job losses. Trade analysts warn that the situation mirrors the US crisis from 25 years ago, which resulted in the loss of up to 2.5 million jobs due to surging imports displacing local factories.

Read the full story at The Guardian AU→