There is a similar recent article in German from the "Berliner Zeitung" https://www.berliner-zeitung.de/wirtschaft-verantwortung/deindustrialisierung-wirtschaf

There is a similar recent article in German from the "Berliner Zeitung" https://www.berliner-zeitung.de/wirtschaft-verantwortung/deindustrialisierung-wirtschaft-abwanderung-der-deutschen-industrie-das-ist-ein-neuer-schlag-in-die-magengrube-li.368676 https://www.berliner-zeitung.de/wirtschaft-verantwortung/dei... The linked article is mentioning additional factors: - tax incentives and favorable legislation offered in the US and China. - drawn out planning and approval procedures in Germany - no more cheap natural gas from Russia (i guess that was a big hit for the chemical industry) - cheaper energy (also cheaper green energy) in the US and China. However just last year Tesla opened a big plant in Brandenburg, near Berlin, go figure... https://en.wikipedia.org/wiki/Gigafactory_Berlin-Brandenburg https://en.wikipedia.org/wiki/Gigafactory_Berlin-Brandenburg ... and Intel is building one big fab in Magdeburg - that one is costing 17 billion euro: https://www.intel.com/content/www/us/en/corporate-responsibility/intel-in-germany.html https://www.intel.com/content/www/us/en/corporate-responsibi... So maybe not all of industry is leaving.