{"id":24627,"date":"2023-04-24T17:01:27","date_gmt":"2023-04-24T15:01:27","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=24627"},"modified":"2023-04-24T17:01:27","modified_gmt":"2023-04-24T15:01:27","slug":"europe","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/european-union\/europe","title":{"rendered":"Europe: a sleeping beauty"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"24621\" data-permalink=\"https:\/\/michelsanti.fr\/en\/european-union\/europe\/attachment\/europe-3-2\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1900%2C1268&amp;ssl=1\" data-orig-size=\"1900,1268\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"europe\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1024%2C683&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?resize=1170%2C781&#038;ssl=1\" alt=\"\" width=\"1170\" height=\"781\" class=\"alignnone size-full wp-image-24621\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?w=1900&amp;ssl=1 1900w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?resize=1024%2C683&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?resize=768%2C513&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?resize=1536%2C1025&amp;ssl=1 1536w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?resize=1200%2C801&amp;ssl=1 1200w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<p>How not to be shocked by the near-economic disappearance of Europe? The &#8220;acceleration of the European economy&#8221; mentioned by Emmanuel Macron in China this April is a tale that no longer comforts or deceives anyone. Readers: your first electric car will most likely be Chinese, as China has now surpassed Germany as the world&#8217;s second-largest exporter of vehicles. This continent, which invented the car, is reduced to importing its electric vehicles, of which it has become a major consumer, as it does not produce them. What a sudden decline for Europe, which exported so many cars to China and boasted of outdoing others in terms of equipment industries: it did not see the end of the combustion engine coming.<\/p>\n<p>We will soon be downgraded even in a field where we were champions, namely that of heavy transport, as the French President has accepted, still as part of this trip to China, to double the local production of Airbus, thus offering the Chinese ample opportunity to appropriate the technology in order to outperform the Europeans. Exactly as was the case when Siemens made available to them its high-speed train technology. Like Kuka Robotics, the world-renowned German industrial robotics flagship, slowly eaten away by Chinese shareholders who started at 5.4% in 2016 and are now at 95%.<\/p>\n<p>Why would the Chinese refrain from doing so when Europeans systematically opt for immediate profit to the detriment of their own technological sustainability in the long term? For those who took the trouble to be interested and who incidentally know how to read, the objectives were clearly defined as early as 2018 in the roadmap entitled &#8220;Made in China 2025,&#8221; which are: &#8220;an initiative aimed at securing China&#8217;s position as a global power in high-tech industries. The goal is to reduce China&#8217;s dependence on imported foreign technology and to invest massively in its own innovations in order to create Chinese companies capable of competing both in the national and global markets.&#8221;<\/p>\n<p>This is why our German industrial engine is now doubled by China, and this while our neighbor is pitifully closing all its nuclear power plants in the midst of a global energy crisis. This is why Germany&#8217;s trade deficit with China in 2022, at 85 billion euros, was the highest ever recorded by statistics &#8211; I remind you &#8211; in a context of sanctions against Russia paralyzing the first European economy, and which also makes it increasingly dependent on the Chinese market for its survival.<\/p>\n<p>Europe &#8211; whose GDP was roughly equivalent to that of the United States in the early 1980s &#8211; has since fallen far behind. It was also overtaken by China in 2020. It is as if this continent unilaterally chose to deny the technologies of the future when it could have become the equal of Americans in a field where it nevertheless shines with the quality of its brains. From the outset, Europe did not so much see these rapid advances as economic opportunities as threats that had to be regulated over and over again. For the vision that Europe has of progress is primarily problematic. It is simple: it legislates, it issues directives and regulations, while others invent and produce.<\/p>\n<p>How then can we be surprised by Europe&#8217;s near invisibility in Artificial Intelligence? Is it not both anecdotal &#8211; but oh so revealing &#8211; that Italy and perhaps soon France are banning ChatGPT? How can we move forward, how can we be competitive on a universal scale, in areas that we consider to be threats? When will Europe understand that it is useless to regulate &#8211; or to want to be the champion of morality &#8211; without mastering its own economic power? This continent &#8211; which is now lagging behind in almost every industrial and technological sector &#8211; is not actually seeking to become a superpower. Its ambition is to maintain its high quality of life and not to meddle in crises that are not its own.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How not to be shocked by the near-economic disappearance of Europe? The &#8220;acceleration of the European economy&#8221; mentioned by Emmanuel Macron in China this April is a tale that no longer comforts or deceives anyone. Readers: your first electric car will most likely be Chinese, as China has now surpassed Germany as the world&#8217;s second-largest&hellip;<\/p>\n","protected":false},"author":4,"featured_media":24621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[648941287,648941264],"tags":[],"class_list":["post-24627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china","category-european-union"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Europe: a sleeping beauty - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/european-union\/europe\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe: a sleeping beauty - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"How not to be shocked by the near-economic disappearance of Europe? The &#8220;acceleration of the European economy&#8221; mentioned by Emmanuel Macron in China this April is a tale that no longer comforts or deceives anyone. Readers: your first electric car will most likely be Chinese, as China has now surpassed Germany as the world&#8217;s second-largest&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/michelsanti.fr\/en\/european-union\/europe\" \/>\n<meta property=\"og:site_name\" content=\"Michel Santi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/michel.santi.economiste\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-24T15:01:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1900\" \/>\n\t<meta property=\"og:image:height\" content=\"1268\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michel Santi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:site\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michel Santi\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe#article\",\"isPartOf\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe\"},\"author\":{\"name\":\"Michel Santi\",\"@id\":\"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"headline\":\"Europe: a sleeping beauty\",\"datePublished\":\"2023-04-24T15:01:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe\"},\"wordCount\":659,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1900%2C1268&ssl=1\",\"articleSection\":[\"China\",\"European Union\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/michelsanti.fr\/en\/european-union\/europe#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe\",\"url\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe\",\"name\":\"Europe: a sleeping beauty - Michel Santi\",\"isPartOf\":{\"@id\":\"https:\/\/michelsanti.fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe#primaryimage\"},\"image\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1900%2C1268&ssl=1\",\"datePublished\":\"2023-04-24T15:01:27+00:00\",\"author\":{\"@id\":\"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"breadcrumb\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/michelsanti.fr\/en\/european-union\/europe\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1900%2C1268&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1900%2C1268&ssl=1\",\"width\":1900,\"height\":1268},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/michelsanti.fr\/en\/european-union\/europe#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/michelsanti.fr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Europe: a sleeping beauty\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/michelsanti.fr\/#website\",\"url\":\"https:\/\/michelsanti.fr\/\",\"name\":\"Michel Santi\",\"description\":\"\\\"It is not because things are difficult that we do not dare. It is because we do not dare that they seem difficult\\\", Seneca the Younger\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/michelsanti.fr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4\",\"name\":\"Michel Santi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/michelsanti.fr\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g\",\"caption\":\"Michel Santi\"},\"sameAs\":[\"https:\/\/michelsanti.fr\/\"],\"url\":\"https:\/\/michelsanti.fr\/en\/author\/msanti17\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Europe: a sleeping beauty - Michel Santi","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/michelsanti.fr\/en\/european-union\/europe","og_locale":"en_US","og_type":"article","og_title":"Europe: a sleeping beauty - Michel Santi","og_description":"How not to be shocked by the near-economic disappearance of Europe? The &#8220;acceleration of the European economy&#8221; mentioned by Emmanuel Macron in China this April is a tale that no longer comforts or deceives anyone. Readers: your first electric car will most likely be Chinese, as China has now surpassed Germany as the world&#8217;s second-largest&hellip;","og_url":"https:\/\/michelsanti.fr\/en\/european-union\/europe","og_site_name":"Michel Santi","article_publisher":"https:\/\/www.facebook.com\/michel.santi.economiste","article_published_time":"2023-04-24T15:01:27+00:00","og_image":[{"width":1900,"height":1268,"url":"https:\/\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png","type":"image\/png"}],"author":"Michel Santi","twitter_card":"summary_large_image","twitter_creator":"@michelsanti1","twitter_site":"@michelsanti1","twitter_misc":{"Written by":"Michel Santi"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/michelsanti.fr\/en\/european-union\/europe#article","isPartOf":{"@id":"https:\/\/michelsanti.fr\/en\/european-union\/europe"},"author":{"name":"Michel Santi","@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4"},"headline":"Europe: a sleeping beauty","datePublished":"2023-04-24T15:01:27+00:00","mainEntityOfPage":{"@id":"https:\/\/michelsanti.fr\/en\/european-union\/europe"},"wordCount":659,"commentCount":0,"image":{"@id":"https:\/\/michelsanti.fr\/en\/european-union\/europe#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1900%2C1268&ssl=1","articleSection":["China","European Union"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/michelsanti.fr\/en\/european-union\/europe#respond"]}]},{"@type":"WebPage","@id":"https:\/\/michelsanti.fr\/en\/european-union\/europe","url":"https:\/\/michelsanti.fr\/en\/european-union\/europe","name":"Europe: a sleeping beauty - Michel Santi","isPartOf":{"@id":"https:\/\/michelsanti.fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/michelsanti.fr\/en\/european-union\/europe#primaryimage"},"image":{"@id":"https:\/\/michelsanti.fr\/en\/european-union\/europe#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1900%2C1268&ssl=1","datePublished":"2023-04-24T15:01:27+00:00","author":{"@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4"},"breadcrumb":{"@id":"https:\/\/michelsanti.fr\/en\/european-union\/europe#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/michelsanti.fr\/en\/european-union\/europe"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/michelsanti.fr\/en\/european-union\/europe#primaryimage","url":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1900%2C1268&ssl=1","contentUrl":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1900%2C1268&ssl=1","width":1900,"height":1268},{"@type":"BreadcrumbList","@id":"https:\/\/michelsanti.fr\/en\/european-union\/europe#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/michelsanti.fr\/"},{"@type":"ListItem","position":2,"name":"Europe: a sleeping beauty"}]},{"@type":"WebSite","@id":"https:\/\/michelsanti.fr\/#website","url":"https:\/\/michelsanti.fr\/","name":"Michel Santi","description":"\"It is not because things are difficult that we do not dare. It is because we do not dare that they seem difficult\", Seneca the Younger","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/michelsanti.fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4","name":"Michel Santi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g","caption":"Michel Santi"},"sameAs":["https:\/\/michelsanti.fr\/"],"url":"https:\/\/michelsanti.fr\/en\/author\/msanti17"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/04\/europe.png?fit=1900%2C1268&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/sagvtB-europe","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":23899,"url":"https:\/\/michelsanti.fr\/en\/china\/the-ev-symbol-of-a-shift-in-world-power","url_meta":{"origin":24627,"position":0},"title":"The EV, symbol of a shift\u00a0in\u00a0world power?","author":"Michel Santi","date":"January 16, 2023","format":false,"excerpt":"\u00a0 Sales of electric cars are exploding on a global scale. Last year saw an increase of 60% compared to 2021 with nearly 11 million vehicles put into circulation. It's simple: EV now account for 13.2% of all global sales, having thus tripled in 2 years since 2020. Germany, Great\u2026","rel":"","context":"In &quot;China&quot;","block_context":{"text":"China","link":"https:\/\/michelsanti.fr\/en\/category\/china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/01\/1.passengers-EV.png?fit=1200%2C938&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/01\/1.passengers-EV.png?fit=1200%2C938&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/01\/1.passengers-EV.png?fit=1200%2C938&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/01\/1.passengers-EV.png?fit=1200%2C938&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/01\/1.passengers-EV.png?fit=1200%2C938&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":21685,"url":"https:\/\/michelsanti.fr\/en\/china\/china-trapped-by-capitalism","url_meta":{"origin":24627,"position":1},"title":"China trapped by capitalism","author":"Michel Santi","date":"October 28, 2021","format":false,"excerpt":"\u00a0 China has thus far functioned by building 15 million homes a year, which is 5 times more than the US and Europe combined. After the collapse of the 300 billion dollar Evergrande, the biggest real estate company in China, the issue \u2013 albeit not a recent one \u2013 of\u2026","rel":"","context":"In &quot;capitalism&quot;","block_context":{"text":"capitalism","link":"https:\/\/michelsanti.fr\/en\/category\/capitalism"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/10\/villes-fantomes.png?fit=550%2C381&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/10\/villes-fantomes.png?fit=550%2C381&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/10\/villes-fantomes.png?fit=550%2C381&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":21272,"url":"https:\/\/michelsanti.fr\/en\/ecb\/how-do-we-escape-europes-purgatory","url_meta":{"origin":24627,"position":2},"title":"How do we escape Europe\u2019s purgatory?","author":"Michel Santi","date":"March 7, 2021","format":false,"excerpt":"\u00a0 There are good reasons to fear the future of Europe \u2013 and to fear for the future of Europe \u2013 when a moderate and deeply pro-European figure like Cl\u00e9ment Beaune launches what is basically a petition in Les Echos, as he did on March 3rd. But let\u2019s be real,\u2026","rel":"","context":"In &quot;ECB&quot;","block_context":{"text":"ECB","link":"https:\/\/michelsanti.fr\/en\/category\/ecb"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/03\/purgatoire.jpg?fit=1200%2C1063&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/03\/purgatoire.jpg?fit=1200%2C1063&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/03\/purgatoire.jpg?fit=1200%2C1063&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/03\/purgatoire.jpg?fit=1200%2C1063&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/03\/purgatoire.jpg?fit=1200%2C1063&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":20195,"url":"https:\/\/michelsanti.fr\/en\/china\/covid-china-19-we-will-not-forget","url_meta":{"origin":24627,"position":3},"title":"Covid-China-19: we will not forget","author":"Michel Santi","date":"April 15, 2020","format":false,"excerpt":"\u00a0 It is the efforts made towards China by what is called the global community that allowed the country, over a few decades, to successfully implement its reforms. The normalisation of relations between the US and China, inaugurated in 1979 by President Carter, was in fact the starting point of\u2026","rel":"","context":"In &quot;China&quot;","block_context":{"text":"China","link":"https:\/\/michelsanti.fr\/en\/category\/china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/04\/covid19.jpg?fit=632%2C407&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/04\/covid19.jpg?fit=632%2C407&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/04\/covid19.jpg?fit=632%2C407&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":29088,"url":"https:\/\/michelsanti.fr\/en\/china\/the-countdown-has-begun","url_meta":{"origin":24627,"position":4},"title":"The countdown has begun","author":"Michel Santi","date":"April 27, 2025","format":false,"excerpt":"In just a few weeks, the White House and the United States have gotten themselves into a situation from which they will have the greatest difficulty escaping. Starting on April 10, trade between the U.S. and China progressively \u2014 but irresistibly \u2014 came to a halt. Cargo bookings, in fact,\u2026","rel":"","context":"In &quot;China&quot;","block_context":{"text":"China","link":"https:\/\/michelsanti.fr\/en\/category\/china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/xii.jpg?fit=676%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/xii.jpg?fit=676%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/xii.jpg?fit=676%2C1200&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":19061,"url":"https:\/\/michelsanti.fr\/en\/european-union\/a-precarious-euro-in-a-europe-with-no-ambition","url_meta":{"origin":24627,"position":5},"title":"A precarious euro in a Europe with no ambition","author":"Michel Santi","date":"November 8, 2018","format":false,"excerpt":"The dollar has been an integral part of America\u2019s foreign policy for decades. Much more than the currency of reference for global trade, greatly surpassing the privileged status of reserve currency for the central banks, the Greenback is the supreme arbiter. With the simple press of a button, the US\u2026","rel":"","context":"In &quot;dollar&quot;","block_context":{"text":"dollar","link":"https:\/\/michelsanti.fr\/en\/category\/dollar-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/11\/euro.jpg?fit=449%2C343&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/24627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=24627"}],"version-history":[{"count":2,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/24627\/revisions"}],"predecessor-version":[{"id":24629,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/24627\/revisions\/24629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/24621"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=24627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=24627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=24627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}