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France is betting in the wrong direction! China countered the EU, preferred France brandy, and Macron felt wronged
France brandy is "drunk", Macron's wishful thinking fails?
1. The champagne bubble bursts: the Sino-French trade friction escalates
The story begins with vineyards in the Burgundy region of France. Autumn and October are supposed to be harvest season, and the air is filled with the sweetness of ripe grapes. However, this year's harvest was accompanied by a hint of bitterness. Growers are frowning because the brandy they depend on is unsold and their warehouses are piling up. At this time of the year, orders from the Chinese market have already been pouring in, but now there is no news.
The root cause of all this is the escalation of trade frictions between China and the EU. The European Union has imposed high tariffs on Chinese electric vehicles, triggering strong countermeasures from China. China has imposed additional deposits on EU brandy, and the first to bear the brunt is France, the absolute main force of brandy exports. The share price of France's brandy companies fell in response, farmers in small towns of Cognac took to the streets in protest, and what was once prosperous is now in decline.
II. The undercurrent behind the incident: the EU's strategic mistakes and France's "head iron"
This trade friction is not accidental, and there are deeper reasons behind it. The EU is trying to protect its traditional auto industry by restricting Chinese electric vehicles from entering the European market through trade protectionism. However, this practice is tantamount to drinking water to quench thirst, which not only harms its own interests, but also misses the historical opportunity to integrate into the modern industrial chain.
France played an important role in this incident. As a core member of the European Union, France actively promotes a tough policy towards China, seemingly forgetting that China is its important trading partner. Macron's government seems to believe that by hiding under the "big tree" of the EU, it will be protected from China's counterattack. This "head iron" behavior eventually led to a heavy blow to the brandy industry in France and frustrated Macron's wishful thinking.
3. The Future in the Fog: Where is China-EU Relations Headed?
The impact of this trade friction on China-EU relations cannot be ignored. If the two sides fail to properly resolve their differences, it could lead to a sharp decline in bilateral trade and even a deeper confrontation. This will not only be detrimental to both China and Europe, but will also create opportunities for other countries such as United States.
China's countermeasures against EU brandy are not intended to completely crush France's economy, but to use this as an opportunity to prompt the EU to re-examine its China policy and return to the track of dialogue and cooperation. China still wants to get the EU back on track, because the consequences of the EU's hostility are incalculable.
For France, this incident is undoubtedly a profound lesson. Macron's government needs to reassess its China strategy, abandon illusions and face reality. It is not wise to go against the world's second-largest economy.
It is an indisputable fact that the EU is lagging behind China in the field of new technologies. If the EU continues to rest on its laurels and refuses to open its markets, it will end up in a cocoon. The rise of China's electric vehicle industry is unstoppable, and the EU should embrace cooperation and common development instead of confrontation.
Some questions to ponder:
Can the EU's protectionist policies really protect its own interests?
What role did France play in this incident? Is it acting wisely?
Are China's countermeasures too aggressive? What is its ultimate purpose?
What is the future of China-EU relations?
My opinion:
The trade friction has exposed the EU's strategic short-sightedness and France's decision-making mistakes. The EU should abandon protectionism and embrace free trade and fair competition. France should also recognize the reality, stop the "head iron" behavior and return to the track of dialogue and cooperation. Only China-EU cooperation can achieve a win-win situation, and confrontation will only hurt both sides.
Some data:
From January to August this year, China exported $8.5 billion worth of electric vehicles to the European Union.
France exports of brandy account for 99% of the total value of EU brandy exports.
Case Study:
Farmers in the small town of Cognac in France took to the streets to protest because of the slow sale of brandy, which speaks volumes about the direct impact of trade frictions on ordinary people.
Epilogue:
It is hoped that the France government will learn a lesson from this incident and handle its relations with China in a more pragmatic manner. China-EU cooperation is the right choice for mutual benefit and win-win results.
Readers are invited to discuss:
What do you think are the underlying causes of the EU-China trade friction? What can be done to solve the current dilemma? Feel free to share your thoughts in the comments section.
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