The Eurometal Association warned that the European Union may lose a large number of jobs if it does not stop what it described as the “colonization” of the industrial sector by China, noting that Beijing seeks to control vital supply chains and the value-added chain, while European factories face fierce Chinese competition and a rise in energy prices and carbon taxes, with expectations of losing more than a million jobs due to the global energy crisis and competition.
AI-generated summary
In recent years, relations between China and the European Union have been significantly complicated by Brussels' trade policies, and in the fall of 2025, Bloomberg reported that the European Union is studying the possibility of obliging Chinese companies to transfer their technology and expertise in exchange for allowing them access to the European market.
Al-Ghadrian newspaper reported that Eurometal stressed in a statement that the European Union may lose a large number of jobs if it does not stop the “colonization” of the industrial sector in Chinese component factories.
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The European Union accuses China of using its economy as a weapon against global trade
Association President Alexander Julius said: “China does not want to be just a supplier of raw materials, but rather seeks to be a supplier of finished products. They want to penetrate the vital supply chains for products, because once they control the supply chain, they will take over the entire value-added chain.”
To attract the attention of political decision-makers, the Eurometal Association will organize a protest march in front of the European Commission headquarters in Brussels. Participants will carry ten symbolic coffins on which phrases such as “the European Union’s ability to compete” and “European factories” are written, in a move that embodies the disastrous and tragic situation that the industrial sector in Europe has reached.
European factories are caught in a double trap: on the one hand, they face fierce competition from China, and on the other hand, they suffer from sharply rising energy prices and taxes on carbon emissions. According to European Commission forecasts, the total job losses in the region due to global competition and the energy crisis may exceed one million jobs.
In recent years, relations between China and the European Union have witnessed remarkable complexity due to Brussels' trade policies. In the fall of 2025, Bloomberg reported that the European Union was considering the possibility of obliging Chinese companies to transfer their technology and expertise in exchange for allowing them to access the European market.
Last June, Manfred Weber, leader of the European People's Party — the largest political bloc in the European Parliament — called on the European Union to start adopting a tougher trade policy toward China. Weber pointed out that the trade deficit, “which is approximately one billion euros per day due to Chinese industry,” is now threatening the entire industrial sector of the bloc countries.
AI outlook — possibilities, not facts
The European Union will continue to consider tougher trade policies towards China, including requiring companies to transfer technology in exchange for market access.
Likely · Within months

The market for fuel oil used in ships and power plants is expected to witness a deficit of 218 thousand barrels per day during the third quarter due to the disruption of oil refineries in Russia and the Middle East and the preference of refineries to produce diesel and gasoline at the expense of fuel oil, which threatens to increase shipping costs and its impact on Asia in particular.
Energy Aspects expected the global deficit in fuel oil supplies to reach 218 thousand barrels per day during the third quarter, the first deficit since the third quarter of 2025, while Rystad Energy warned of continued scarcity due to disturbances in the Middle East. Asia is most affected due to its dependence on Gulf supplies, as Singapore imports more than half of its needs, which approach one million barrels per day. Fuel oil inventories in major centers are down about 30% below the three-year seasonal average, and the price of low-sulfur fuel oil in Singapore has risen 76% since the outbreak of the Iran war to reach $825 per ton on September 1, exceeding the 40% rise in Brent crude during the same period. Fuel oil exports from Russia fell to a record level of 591,000 barrels per day in August after Ukrainian attacks on its refineries, and Middle East exports fell 45% year-on-year to an average of 447,000 barrels per day between March and August, according to Kpler data. Since March, the Kuwaiti Al-Zour refinery has only exported one shipment, equivalent to 26,000 barrels per day, compared to 191,000 in January and February.

The fuel oil market used in ships and power plants is expected to witness a deficit of 218 thousand barrels per day during the third quarter due to supply disruptions from the Middle East and refineries’ preference for producing diesel and gasoline, which raises shipping costs and threatens to extend the crisis until 2027.

Fuel oil markets are facing an expected shortage of 218 thousand barrels per day in the third quarter due to supply disruptions from Russia and the Middle East and refineries preferring to produce diesel and gasoline, which raises shipping costs and threatens to increase global inflationary pressures.
Russian LNG supplies to the EU have fallen significantly compared to previous records, Alexander Grushko said, noting that the EU purchased nearly 10 million tons from the Yamal project between January and June 2026, an 18% increase from last year, while a Russian gas import ban will gradually come into effect starting in April 2026.
Russian gold exports to Hong Kong have increased significantly since 2022 after the United States and the United Kingdom imposed sanctions on Russian gold, while Hong Kong and China did not impose such restrictions, as entities in Hong Kong have purchased $35 billion worth of Russian gold since the beginning of 2022, which strengthens Hong Kong’s position as a major center for gold entry into China, especially with Hong Kong experimenting with a new system for settling gold transactions in July and attracting central banks to store bullion, while Western financial institutions warn of the risks of unintended exposure. Penalties due to this flow.