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

Germany is warned to stop admiring China's success or risk deindustrialisation, with China's surplus with Germany doubling between 2024 and 2025, creating a $94bn trade imbalance. The Centre for European Reform says Europe's largest economy risks a repeat of what happened in the US in 2001. Germany must wake up to 'China Shock 2.0' to avoid permanent damage to its industry.