Macro Nugget: China is deindustrializing Germany
Germany and the EU must act before it is too late.

China has now surpassed Germany in terms of vehicle trade between Germany and itself. That underlines the importance of next month’s election in Germany. If Germany (And EU for that matter) doesn’t develop its own industrial policy then China is effectively setting the industrial policy, which at the moment is basically one of deindustrialize Germany.
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