What China is doing is called dumping. And it's reminiscent of what Japan did to the US causing fear of the domestic industry getting crushed by a flood of cheap Toyotas and Hondas. Largely because of US tariffs, the Japanese transitioned to US assembly plants. That's reasonable. The difference is China is hyper-subsidizing their junk because they're experiencing a major contraction in their economy and are looking to foreign markets to dump on, and take up the slack in the manufacturing sector. You want to talk about over-regulated markets run by one-person governments that global investors really want nothing to do with anymore see China. I'd be more worried about them than I would the EU.