Manufacturers need to face up to new wave of Chinese competition
Pace of post-pandemic development a wake-up call for Western companies
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If competition with Chinese companies rises further, so will political scrutiny of China’s relationship with international trade.
PHOTO: NYTIMES
Thomas Hale
In March, as a visiting delegation of Swedish investors and bankers passed through China’s factories and shipyards for the first time since the Covid-19 pandemic, what they witnessed was a shock to their systems.
Across the mainland, where Sweden’s manufacturers have a longstanding presence, competition from Chinese firms was “ferocious”, even “monstrous”, according to Mr Mattias Sundling, chief equity strategist at Handelsbanken.
