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Both German export to China and German automotive industry faced disruptions. China's economy slowed down and China anyway can do without German technology at t
by chewz 3y ago
Both German export to China and German automotive industry faced disruptions. China's economy slowed down and China anyway can do without German technology at this point. And German automotive industry cannot compete with EV's yet. BYD is replacing Volkswagen.
End of cheap gas is just a cherry on top (de-industralizing German Chemical sector which moves outside Europe).
But Germany is capable country in crisis. They will overcame...
> During the last 26 years the exports of Germany to China have increased at an annualized rate of 11.8%, from $6.58B in 1995 to $121B in 2021.
https://oec.world/en/profile/bilateral-country/chn/partner/deu https://oec.world/en/profile/bilateral-country/chn/partner/d...