50% of Europe’s Manufacturing Base Could Vanish In A Decade

By Times News

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“The problem now is, as China has been moving up the value chain, these benefits are no longer accessible for European companies. And hence the shock is being felt very strongly at the moment.” Following Volkswagen’s historic move to cut up to 100,000 jobs worldwide, European leaders are being warned that Beijing's subsidised production surge threatens to completely destroy Western heavy industry, says economist at The Conference Board, Max Zenglein. Max Zenglein was speaking to Andrew Neil on The Times at One. Listen live every Monday to Thursday, 1–2pm. Read the best of our journalism: https://www.thetimes.com/ Listen live to Times Radio: https://www.thetimes.com/radio/live Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_center?add_user=timesonlinevideo Find us on Facebook: https://www.facebook.com/timesandsundaytimes/ Find us on X: https://x.com/thetimes Find us on Instagram: https://www.instagram.com/thetimes/

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