Joe Lynam

But things have shifted against Europe since then.

With the exception of luxury goods, China is increasingly offering viable and in some cases better versions of cars, machinery and technology than we export from the EU.

And we'll be looking at whether China is actually de-globalising by radically cutting its imports and all the markets as usual.

The Commission is taking the action under the new EU rules called the Digital Services Act.

The issue arises because there is a difference in the law between illegal content and posts which breach the platform's own guidelines.

So are we in deep trouble now or could China leverage our need to sell to it for geopolitical reasons?

You can email us business at newstalk.com.

But first, let's have a look at the main business stories in the newspapers and websites.

John Evans is the Digital Services Commissioner with the Commission and I spoke to him and began by asking him to give you some examples of how TikTok and LinkedIn might be hiding ways to report illegal content.

Kathleen Gallagher in the Business Post reports that net wealth in Ireland is expected to double to 2.6 trillion over the next 10 years, according to a new report from Davie.

Robin Harding is the Asia editor with the Financial Times, and he wrote a controversial piece last week in which he painted a bleak picture for European exports to China.

He joins us now from Hong Kong.

Good morning, Robin.

Morning, Joe.

Now, the most stark line in your piece, Robin, in the FT last week was that there is nothing that China needs to import from Europe anymore.

Nothing that it can't make itself.

Worrying.

So this is important, the distinction between illegal content as the user sees it and the terms and conditions of the platform itself, isn't it?

Okay.

And in many cases, of course, they don't give any reasons.