Link: https://www.businesstimes.com.sg/international/spain-courts-china-new-asia-strategy-us-ties-sour

The tactic is part of a new Asia-Pacific strategy that outlines Madrid’s priorities for the next three years. The document, seen by Bloomberg News ahead of its release on Friday (Feb 20), calls for more high-level meetings and economic exchanges between Spain and China, while encouraging other European countries to coordinate on their relationship with Beijing.

“Spain seeks to advance a positive and ambitious bilateral agenda with China, reinforcing the comprehensive strategic partnership as well as the excellent bilateral relationship,” the strategy says.

Spain under Sanchez's government has been 'courting' China for some years now, and the prime minister is intensifying it of late. Unfortunately, this has less to do with a strategy aimed at benefiting the Spanish economy and its people imo but rather with Sanchez's fight for political survival. Sanchez is facing corruption scandals involving his brother, his wife, and close political allies of this socialist party. The recent resignation of a police chief over accusations of rape is adding to Sanchez problems. He needs some distractions it seems.

China has been closing the gap between quality and price, countries have been using China for cheap labour and cheap wares for years, now everyone is panicking because they can't sell their expensive shit because China is offering the same thing at almost half the price without much difference in quality, i'm working in such a company in Germany and output has gone way down and they have been losing customers because China is flooding Europe with their cheaper alternatives.