China Dominates Cheap Manufacturing

In the coming years, the European Union is anticipating China pricing them out of manufacturing.

That’s because China dominates affordable manufacturing.

Chinese authorities have pushed for more high-end manufacturing to boost self-sufficiency in the tech sector and to wean away from its crumbling real estate market.

Companies in China have been met with threats of raids and intensified espionage laws, which has essentially made everyday business activity illegal.

The ‘European Union Chamber of Commerce’ is urging Chinese leaders to address these concerns that have grown exponentially in recent years.

Wall Street has taken notice of the uncertainty and increased risk of doing business in China.

Goldman Sachs chief investment officer has outright said, “one should not invest in China.”