Flat learning curve: after Russia, are we becoming too dependent on China? – Video

Are we becoming too dependent on China? Who the German economist Jens Suedekum listen, he knows after a few words that this is the wrong question. China is not only the EU’s most important trading partner. In many areas, nothing works without imports from the People’s Republic, says Südekum in the video talk “STANDARD Having a say”, whether it is certain raw materials or wind turbines. Plus, there’s the dependence on exports: German automakers already sell one in four cars in China. With Russia, Europe depended only on energy. That is why Europe was able to digest the break in relations with Russia. If there were an abrupt end to economic relations with China, that would be the “mother of all economic crises”.