The EU bows to ‘systemic rival’ China | WHAT REALLY HAPPENED


The EU bows to ‘systemic rival’ China

Let’s start with the essential background for the meeting in Paris on Tuesday between Chinese President Xi Jinping and three EU heavyweights – French President Emmanuel Macron, German Chancellor Angela Merkel and President of the European Commission (EC) Jean-Claude Juncker.

As imperfect as these figures may be, economic growth for the past 10 years after the 2008 financial crisis – which was a made in the West phenomenon – do tell an enlightening story.

China’s growth: 139%. India’s growth: 96%. the US’ growth: 34%. EU growth: a negative 2%.

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