Published: June 16th, 2021,
Last updated: October 7th, 2022
The idea of having to choose between the US market and the Chinese market sounds like an industry nightmare. The largest and second-largest economies, together with the EU home market, are the main pillars of export success. However, now German firms may find themselves in precisely this predicament, as Marcel Grzanna reports. If China really does apply its new anti-sanctions law, they will have to do without one of the major foreign markets. The BDI also believes that this means that „a sword of Damocles“ hangs over the German economy. China is sealing itself off further as a result.