Bloomberg

It's not easy to say goodbye to low-cost China, Europe finds

Employees examine vials of adrenaline hydrochloride injection solution at a China Grand Pharmaceutical and Healthcare Holdings facility in Wuhan, China, in 2017. Foto: Bloomberg photo by Qilai Shen

European leaders talk of shortening supply chains and curbing China's "Belt and Road" plan. But on the ground in Italy, Gimmi Baldinini says his designer footwear company is in no position to cut ties with the Chinese.

"Chinese workers have a better hand with gym shoes," said the chairman of Baldinini, founded by his family in 1910 in northern Italy, where it still has the main production hub for the top segment of his goods. To produce sports shoes, the company relies on a Chinese plant in the Shenzhen area...

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