German companies under pressure to adapt as China challenges
MOOSBURG, Germany (AP) — The heart of the German economy is making and exporting the big-ticket, complex goods that make global business run: everything from cars and locomotives to factory machinery, aircraft and construction equipment. That model for growth is under serious pressure from a new competitor whose exports can often match or approach Germany's in quality and sell for far less: China. The China shock — as economists call it — is emerging as a key reason for Germany's chronic economic stagnation since the COVID-19 pandemic. The sluggish economy has helped make ...
