Dependencies lead to turning point for C • Table.Briefings

Like many industries, the automotive industry is dependent on China. Risks are increasing. At the same time, China’s appeal is declining.

Strong economic dependencies are dangerous. This is currently demonstrated by the shortage of Russian gas. But Germany’s economic dependencies on China are much larger. Many companies, as well as the German government, are now rethinking their China strategy. It could be the beginning of a turning point.

For years, China was considered one of the preferred partners of German politics and business. The People’s Republic was a guarantor of German growth and has long since risen to become Germany’s largest trading partner. Automobile and mechanical engineering companies make huge profits in the People’s Republic.

Dependencies lead to turning point for China business

Sign up now and continue reading immediately