China is steadily wiping out German industry

 

If there was ever a symbiosis between Germany and China, that time has passed, writes Diana Choyleva this week. Chief economist at Enodo Economics, Choyleva adds that Germany is slowly but surely realizing that a national industrial strategy based on synergy with China is headed toward a dead end.
 
"The partnership that defined Angela Merkel's years as chancellor will not outlive her administration by long. In fact, the partnership is already in its death throes," notes Choyleva. "Over a decade ago, the sudden emergence of Chinese competitors wiped out Germany's advanced solar power industry. Now, that experience is likely to repeat across a broad spectrum of industries."