Report Blames 'China Shock' for Germany's Industrial Malaise, Urges EU Action
A new report identifies a 'China shock' to Germany's trade economy as the primary driver of its industrial slump. The report urges Berlin to support stronger EU measures against Beijing.
Germany has been warned that a “China shock” to its trade economy is the biggest driver of its industrial slump, in a new report that urges Berlin to throw its weight behind stronger EU measures against Beijing. Much soul-searching has been under way in Berlin over recent years, with the German government focusing on deregulation in an effort to kick-start a sputtering economy. According to the report from influential think tank the Centre for European Reform, the “China shock is now the most...