A CHINA SHOCK 2.0?

Should we be afraid of China? China is advancing in global markets with electric cars, batteries, and green technologies. Beijing’s new industrial offensive is threatening Europe precisely in the sectors where we believed we were strongest. Its success stems from a lesson that is often overlooked: good industrial policy is not about picking winners in advance, but about creating the conditions for innovation to emerge and for the best solutions to be supported. How can Europe also ensure a faster ability to adapt rules and strategies to technological change?