The region of Flanders in Belgium has recently bought loads of Chinese busses. It's not the whole of Europe but still half a country that's switching to Chinese busses. Few weeks after this decision hundreds of people got laid off.
Especially Belgium is very susceptible to the influx of cheap Chinese cars because 1 out of 4 employees in Belgian drives around in a company owned car. These cars are part of their wage because it's a way to evade taxes. As those leased cars are replaced every few years they soon will be replaced by cheap Chinese products. That's at minimum 200.000 vehicles in the next 6 years.
The region of Flanders in Belgium has recently bought loads of Chinese busses. It's not the whole of Europe but still half a country that's switching to Chinese busses. Few weeks after this decision hundreds of people got laid off.
Especially Belgium is very susceptible to the influx of cheap Chinese cars because 1 out of 4 employees in Belgian drives around in a company owned car. These cars are part of their wage because it's a way to evade taxes. As those leased cars are replaced every few years they soon will be replaced by cheap Chinese products. That's at minimum 200.000 vehicles in the next 6 years.
Yup. We even had the mandatory media push of BYD lately. Not only because of their buses but because of their cars as well.