#GERpol #DEpol #China #trade #economics
Lots of food for thought from Sander Tordoir in this thread (and a paper) about the lack of action from Germany (and the EU) to fight back on China, among this truth:
"Berlin can no longer afford to wait for the problem to correct itself.
The drivers of China’s surplus persist, including a weak domestic demand dragged down by the property bust, cheap state-backed credit for manufacturing, and an undervalued currency."
https://bsky.app/profile/sandertordoir.bsky.social/post/3mmbl3h6vak2r

Sander Tordoir (@sandertordoir.bsky.social)
Global car, machinery and chemicals production could concentrate further in China, eroding innovation in traditional manufacturing centres. Increasingly one-sided trade would increase Beijing's ability to coerce Berlin and Brussels by throttling supply the way it did for rare earths. 11/


