The China Shock Hits Germany

The China Shock Hits Germany

How China was hollowing out Germany's manufacturers before the loss of cheap Russian energy made matters worse.

Germany Grapples with the Far-Reaching Effects of the China Shock

The economic upheaval triggered by China’s rapid integration into the global market, often referred to as the “China shock,” is now reverberating strongly across Germany’s industrial landscape. According to a recent analysis by the Centre for Economic Policy Research (CEPR), German manufacturers and exporters are facing mounting challenges as Chinese imports flood key sectors. This development threatens to reshape employment patterns, competitiv…