After the development of China's industrial science and technology, it has overlapped with European and American industries, and we have mobile phones, automobiles, chips, large aircraft and other industries in Europe and the United States, although there is still a gap in the level, but it is only a matter of time before it completely catches up with Europe and the United States, and now China has become a strong competitor of European and American enterprises.
China's industrial scale is huge, the industrial chain is very comprehensive, while the United States industry hollowing out is serious, and some European countries have also partially hollowed out the industry, resulting in higher costs for products made in Europe and the United States.
The most important thing is that the labor cost in Europe and the United States is much higher than that in China, and the wages and benefits and social security level of European and American workers are several times that of China. The wages and benefits of Chinese workers are only a fraction of those in Europe and the United States, and the overtime is serious, and working 12 or even 14 hours a day is a routine operation, and they work for two months in a month, and breaking the law is the basic operation of the capitalists. Therefore, to manufacture the same products, the ** in Europe and the United States is two or three times or even higher than that of China.
China has mastered a huge amount of funds, provided large-scale subsidies and support to enterprises, further reduced the quality of products, and improved the competitiveness of enterprises, which Europe and the United States cannot do.
The industrial scale is huge, and the industrial chain is comprehensive: low wages and benefits for workers, crazy overtime: **Large-scale subsidy support. Under these three advantages, once China masters a technology, it will be made into a cabbage price, and once China masters high-end chip manufacturing technology and large aircraft technology, the hegemony of the United States will be over.
European and American companies are completely unable to compete with China, unless the wages and benefits of people in European and American countries are greatly reduced, but no one dares to do it, and they can't do it, so increasing tariffs on Chinese products and implementing protectionism has become the only option. Europe wants to increase tariffs on Chinese electric vehicles and photovoltaic products, and the United States will increase tariffs on Chinese products. The world is disintegrating, and a tariff war is coming.
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