Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-09-29-Speech-4-251"

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"en.20050929.21.4-251"2
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"China is one of the major economic players in the world. Europe is competing with India, Russia and the USA for the Chinese market of over one billion consumers. Europe is also fighting for its own place in the world trade system, trying to deal with unfair imports and with international importers whose only aim is to make the maximum profit with no regard for the economic interests of countries and the economy as a whole. As we open up our markets to the cheap imported goods eagerly awaited by European consumers who make up our electorate, we should keep rising unemployment and the thousands of collapsing companies in the forefront of our minds. We have been unable to deal with the ongoing crisis in the textile industry. China does not only represent imports, but also the opportunity for investment in Europe. We should be encouraging the latter, so that jobs can be created in Europe. Within the framework of the European Union, it would be appropriate to consider possibilities for relocating the production of European companies in Member States with relatively low labour costs that were worst affected by unrestricted imports. The Chinese economy and the whole of Chinese society will undergo a period of instability over the next few years. This will be due to the relaxation of the policy on work and the retraining of a large section of society that will cease to depend on farming for a living. We must also be prepared for the emergence of strong tensions within Chinese society, and the Union should help to deal with these. Europeans should be active in China, and Europe and China need to learn to work together and cease doing battle with each other. Both parties will lose out if we continue the battle, but if we learn to cooperate we shall win friends and partners."@en1

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