‘China has already eaten much of German industry’s lunch and is preparing to start on dinner,’ thinktank saysBusiness live – latest updatesGermany must stop admiring China’s success in the EU or it will sleepwalk into the kind of deindustrialisation the US experienced 25 years ago, a leading Brussels thinktank has said.With China’s surplus with Germany having doubled between 2024 and 2025 from $12bn (£9bn) to $25bn, creating a $94bn trade imbalance, the Centre for European Reform (CER) said Europe’s largest economy risked a repeat of what happened in the US in 2001 when a sudden surge in imports permanently hollowed out towns in the American midwest. Continue reading...

Source: https://www.theguardian.com/business/2026/may/20/germany-urged-stop-admiring-beijing-china-deindustrialisation