Loading ...German Dependence On China
So, the German central banks noted that 29% of German companies import essential parts and materials from China.
Multiple industries. Germany, much like the US, but even more so, let China pick up, among other things, much of the tool making industry, especially those related to auto manufacture.
This comes on top of anti-Russia sanctions and the sabotage of the Nord Stream pipelines cutting off Germany’s access to cheap energy.
Incorrect policy is to have a cold war against both your cheapest energy supplier and the country that is now the world’s manufacturing floor. Damn near suicidal policy, in fact.