The Chinese Counterpunch: Germany's Export Empire in Crisis The German economy, once the envy of the world for its precision engineering and exports, faces an existential threat from China.
Beijing has been supporting companies in targeted sectors, sending goods that match or surpass German quality at lower prices to European markets.
This "China shock" has contributed significantly to Germany's chronic economic stagnation since the COVID 19 pandemic. Germany's reliance on exports is a double edged sword.