Nearly all of China’s capacity to produce excavators was absorbed domestically until about 2021. But as demand from the construction sector collapsed, production was redirected toward external markets. The gap between total sales and domestic sales in this chart is exports. 3/

Great trolling of #Brexit here.

Not, I think, an exaggeration to say this was the greatest day in modern European history.

Called it, but even I’m surprised to find that all the winning bids are below €0.5/kg 😳

France is good at European speeches, and … less good at practical policy. Exhibit 35.

*sighs, taps the sign*

“As a rough number, a fully connected European #electricity market could reduce investment needs for storage and back-up capacity by 20-30%.”
economist.com/europe/2024/04…

As you all know, I’m typically very pro-EU/EZ, but there is something epically funny about an EU Commission led by a CDU pol accusing China of engaging in insufficient fiscal stimulus to spur local demand and relying too much on exports to spur recovery from a financial crisis.

Check out The Economist App today (update it first): our new video formats are on there now, I have already watched them all. Very interesting, short and entertaining.

App 👉🏻
apps.apple.com/gb/app/the-eco…

The economics in Macron’s speech, very interesting thread here. 👇🏻

Always good to read Christian Odendahl and this time even more on his take on our 2040 Climate Target Modelling in the The Economist economist.com/europe/2024/04…

Very much enjoyed Suffs: A history lesson that feels not just relevant but pressing. Wrote about it for
The Economist economist.com/culture/2024/0…

Our cover and special report this week is a brilliant survey of India's economy and its prospects by Arjun Ramani and Tom Easton, well worth your time. economist.com/special-report…

Relations with Germany were singled out as the most important bilateral relationship to be fixed. Instead of talking about reparations, Min. Radosław Sikorski 🇵🇱🇪🇺 suggested that Germany invests in security of Poland and the whole region - which would be welcomed by the government.