‘Phantom limb’: report blames China shock for Germany’s industrial malaise
A report from the Centre for European Reform suggests that China's growing industrial competition is the primary driver of Germany's economic struggles. The think tank's analysis indicates that Germany's export demand has significantly decreased due to China's pressure on its industrial base, leading to a notable shift in trade dynamics. This situation is described as a "phantom limb" phenomenon, where Germany experiences pain from a loss it has not fully acknowledged. AI
