China’s embassy in London said European industrial distress reflects domestic structural issues — industrial hollowing, excessive financialization, weak R&D and short‑term capital-driven offshoring — and that blaming Chinese exports conceals policy failures. The embassy said China remains a core link in global manufacturing supply chains, supplying large volumes of cost‑competitive, quality industrial goods that lower consumer costs and ease inflationary pressure. It added that deep integration

China’s embassy in London said European industrial distress reflects domestic structural issues — industrial hollowing, excessive financialization, weak R&D and short‑term capital-driven offshoring — and that blaming Chinese exports conceals policy failures. The embassy said China remains a core link in global manufacturing supply chains, supplying large volumes of cost‑competitive, quality industrial goods that lower consumer costs and ease inflationary pressure. It added that deep integration between European high‑end equipment makers and Chinese manufacturing has been complementary and mutually beneficial, and that China’s manufacturing development supports global economic stability and Western industry rather than undermining it.