�� �� German multinational corp BASF, the worlds largest chemical producer, is downsizing permanently in Europe

The statement from the world’s largest chemicals group by revenue came after it opened the first part of its new €10bn plastics engineering facility in China a month ago, which it said would support growing demand in the country.

� Financial Timesrlds largest chemical producer, is downsizing permanently in Europe

The statement from the world’s largest chemicals group by revenue came after it opened the first part of its new €10bn plastics engineering facility in China a month ago, which it said would support growing demand in the country.

� Financial Times

As I said, the economic drain on the eurozone will start to be felt from now on at a macro scale, not just micro (on households), many factors come together, from the depletion of companies' reserve assets, to their own raw material reserves (such as the US oil reserve) etc.

As I have been saying during this year or so that the holy war of liberation in Ukraine has been going on, the competitiveness of the European industry, which was already in between, will be even less...

Interestingly as I report here (https:///the_Right_People/7365) Russia is about to open the world's largest petrochemical processing plant soon, climbing up the value chain, the plant located next to China, has a clear target market ...

Shit is getting crazy.

More unemployment and trade deficit in Europe more jobs and trade surplus for China. Cheaper products for Nigeria and the rest of the world.

Even the 'mighty' have got issues. This life is a place of trials. Many times actually, we bring about such difficult moments upon ourselves by ourselves

Even if(big if o)Russia lost this war, Europe will stillbbe the biggest loser, war will come and go but cheap gas.... except Europe eat their own vomit by going back to Russian gas

greenermodels:
More unemployment and trade deficit in Europe more jobs and trade surplus for China. Cheaper products for Nigeria and the rest of the world.

I give you 3 star

Vl3ly:
I give you 3 star

The big question is why are Western governments encouraging these outsourcing of production to Asia when it's only the outsourcing companies that gains while their citizens and national economies suffer? The answer is government corruption and crony capitalism. Trump won because he exposed them by reaching the voters directly through Twitter thereby deciding the election topics himself instead of the biased news media doing so. That's why the establishment hates him.

Western ass lickers keep thinking it is about winters

China will take all their company

https://www.youtube.com/watch?v=8G8b4Nrx3os

Everything in Europe is now chinalized