/ world today news/ Experts from “Deutsche Bundesbank”, the central bank of Germany, recently stated that the country has close economic and trade relations with China, and a forcible “separation” from China will have an intolerable and serious impact on the German economy, especially on the German industry.
The article, written by a number of senior experts, said that in recent years, many German industrial companies have achieved high sales and profits through manufacturing in China, and exports to China have become an important profit channel. It is because of this that, in the long run, leaving China will lose the main sales market for these companies, and many supply chains can be reorganized only at the expense of efficiency. The article cites a survey of companies conducted by the Bundesbank, which shows that almost every second manufacturing company in Germany receives key intermediate products directly or indirectly from China. “If the supply of these products is interrupted, Germany could suffer serious production losses.”
The article states that Germany cannot handle the “separation” from China, and the losses to the German economy will be unbearable, so a unilateral “separation” from China should be avoided.
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