Thursday, September 17, 2020

WORLD_ China, Once Germany’s Partner in Growth, Turns Into a Rival

THE WALL STREET JOURNAL

WORLD

China, Once Germany’s Partner in Growth, Turns Into a Rival

‘China is not a developing country, not at all. It’s an established, top-notch manufacturing country’
 

 

 

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By Tom Fairless
Updated Sept. 17, 2020 6:54 am ET

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An informal partnership that kept Germany’s economy tethered to China’s for decades is unraveling, threatening Berlin’s—and Europe’s—post-pandemic recovery as the Asian giant stages a powerful comeback.

The relationship that saw Germany provide China with the machines to power its economy helped the German economy recover rapidly after the financial crisis. But German business leaders say the model is no longer working as China turns from partner to rival.

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READ MORE: https://www.wsj.com/articles/china-once-germanys-partner-in-growth-turns-into-a-rival-11600338663?mod=hp_featst_pos3


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