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Faced with such a disastrous consequence, Duke is not very feeling in the middle of the R&D base, but as a person, Cai Siqiang completely felt the sadness and anger of an industry. Although the government has plans to promote the reemployment of unemployed workers and support mergers, it still cannot fully save so many unemployed textile workers, especially some of them are older and it is not easy to change careers.

Therefore, in this transformation and transformation, several mass incidents have occurred. Fortunately, the government handled it in time, so these mass incidents did not cause major disastrous consequences. Faced with this situation, Cai Siqiang was powerless. The situation has evolved to this point, and it is no longer possible for him to control the situation.

This has become a collision and competition between countries. In this economic war, which is far apart from thousands of mountains and rivers, although there is no fire, you can hear the wailing of the wailing Cai Siqiang. He only chose several textile companies as suppliers of Dongfang Qiyang car seat fabrics to protect them. They expect that the first year of car sales will reach 1 million vehicles. Although the sales volume in Dongfang Qiyang is not much higher than the absolute quantity, the quality and total sales will be completely different from that in the previous Dongfang Qiyang.

Such a large number of seat fabrics and leather goods, it is not a big problem to support several textile companies, but for the huge textile industry, Dongfang Qiyang's action is just a drop in the bucket - Book_)

This is the case in China, and some countries within the EU are not feeling well. Italian luxury goods manufacturers took the lead in reducing sales expectations and profit expectations based on the current situation. Although sales in the Chinese market account for only one-sixth to one-fifth of their total sales, the profit is considerable. The opaque price system allows them to sell unimaginable high prices in China and obtain high profits.

But with the closing of the Chinese market, this good time is gone forever

The EU automobile industry and electromechanical industry have been greatly affected. The Chinese automobile market has long jumped to the US automobile market and become the largest market in the world. The high-end automobiles in the EU automobile industry have become the most favored by the group of people who became rich first in China.

Whether it is a high-end luxury car with a huge sales volume like Mercedes-Benz, BMW and Audi, or a luxury car with a price of up to millions of yuan, such as Bentley, Rolls-Royce, Ferrari, Porsche, etc., in China, there is a large market space for Chinese people's love for luxury cars, which is beyond Western imagination. Therefore, although the prices of these imported luxury cars have doubled through channels compared to Europe, they still cannot stop the enthusiasm of Chinese consumers.

But now it's still stagnant

Western workers do not have so many overall views. Faced with such a situation, insufficient factory work has directly led to the workers' work being in vain, so going to the streets became their best choice for voices, Germans, French, Italians, British...

OK, going to the streets is a tradition of Europeans. A strong European trade union is an object that no political force can ignore. This time, the automobile industry and the electromechanical industry are involved in such a wide range that in a short period of time, the number of workers on the streets in severely affected areas such as Germany, France, Italy exceeded one million.

Although the Germans first realized that they could not pay for the French nuclear power industry, no matter how fast they acted, they faced the European consultation system that was famous for their excuses, and their actions did not develop quickly. Before they could attract enough allies, the Germans first tasted the bitter fruit of the trade war.

Since China cannot obtain import licenses, hundreds of billions of euros of products are now piled up in manufacturers' warehouses or major German terminals. This sudden trade war is squeezing the precious cash flow of these companies. Western companies do not have the habit and practice of Chinese governments to pay. Once the cash flow is exhausted, even the best companies will face bankruptcy.

Banks have always been icing on the cake rather than giving timely help. Companies that have lost the market cannot get a loan to relieve themselves because banks are worried that doing so will not only not only fail to save these problematic companies, but may also drag themselves into the water.

Because most banks also control their own destiny, there are very few governments when they come forward to make a guarantee. Unless there is a major industry downturn, the government will take action one by one, but it only takes action to save a few very limited numbers of people. Most other companies will go bankrupt according to bankruptcy procedures.

Therefore, banks will never do anything to save lives and heal the wounded. They will only choose companies with good management and stable returns to add icing on the cake.

For the EU's foreign trade with an annual trade volume of trillions of euros, the trade ratio of more than 100 billion euros that are now in trouble does not seem to be too large. However, due to the strong radiation capacity of industries such as automobiles and electromechanical industries, it will be greatly affected once it is damaged, which is completely incomparable to luxury goods.

Germany, France and other countries had originally spent a lot of resources to save the European economy in the debt crisis of European countries, but they had already been dragged down and some problems arose. Now this has made it worse. The economies of the two countries soon began to evolve from small problems to big problems. In the first month of the trade war, the economic growth rate changed from a slight increase to a negative number.

Although the French are arrogant, in this case, facing the German trade representative who came to negotiate, they had to follow the steps. If this continues, it will really lead to an economic crisis. The current negative economic growth is just a clear signal.

For EU countries, they have no possibility to increase domestic demand. Developed economies have developed almost all possible economic potential. Moreover, with the current fiscal budget that everyone is heavily in debt, it is impossible for the national level to introduce any major revitalization measures.

In a word, in terms of responding to the crisis, the EU can only think of fewer ways than China, and the people affected cannot be compared with China in terms of patience.

Therefore, in this lose-lose war, although China is more damaged than the EU, the EU is more miserable than China at the national level. The negative economic growth and the continuous activities of workers taking to the streets have made several EU major governments with the worst losses in a hurry and are exhausted to cope with

The most comprehensive novel that can be read by Bashu//

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Chapter completed!