Germany urged to stop admiring Beijing and wake up to ‘China Shock 2.0’

‘China has already eaten much of German industry’s lunch and is preparing to start on dinner,’ thinktank saysBusiness live – latest updatesGermany must stop admiring China’s success in the EU or it will sleepwalk into the kind of deindustrialisation the US experienced 25 years ago, a leading Brussels thinktank has said.With China’s surplus with Germany having doubled between 2024 and 2025 from $12bn (£9bn) to $25bn, creating a $94bn trade imbalance, the Centre for European Reform (CER) said Euro...