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The turmoil in the Chinese economy threatens Europe (Quote)

⚠️Automatic translation pending review by an economist.

Victor Lequillerier, economist at BSI Economics, was quoted in an article by Philippine Robert in Le Point on the impact of the Chinese economic turmoil on Europe.

Read the Le Point article by clicking on this link.

He puts into perspective the scale of the difficulties facing the Chinese economy, where the revision of the outlook certainly comes amid growing signs of a slowdown, but amounts to a revision of the fairly optimistic forecasts made at the beginning of the year. Nevertheless, it emphasizes one of the indirect effects of the situation in China: China’s fiscal stimulus consists mainly of supporting the supply and demand for electric vehicles, which could further widen the gap with the European automotive sector.

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