German firms ignore calls to shrink China investments DW 08/26/2024
Briefly

Germany recognized its over-reliance on China for essential goods post-COVID, yet direct investments have surged, highlighting the complex nature of this economic relationship.
Chancellor Olaf Scholz emphasized the need for reduced dependency on China, declaring that while they are a 'systemic rival', the strategy isn't about full disconnection.
Experts warn that pressuring companies into specific investment choices could compromise their competitiveness, particularly as the automotive sector remains deeply linked to China's market.
The significant trade relationship is illustrated by the statistic that around a third of new German cars are sold in China, underlining mutual economic interdependence.
Read at www.dw.com
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