Economists describe China positioning to compete across German industrial sectors
1 Today · 8h ago · 1 post · 1 source · development 1 of 2
Economists Brad Setser and Sander Tordoir characterize the dynamic as China having already displaced significant German industry market share and preparing for deeper competition. The shift reflects Chinese suppliers' technical maturity—built partly through decades of partnerships like Volkswagen's manufacturing presence in China since the 1980s—enabling them to move from supplier roles to direct competitors.
“China has already eaten much of [the] German industry's lunch and is preparing to start on dinner.”
Brad Setser and Sander Tordoir, economistsGucci (Kering) Luxury fashion houseKer Gibbs Former president, American Chamber of Commerce ShanghaiHoward Yu Professor of management, International Institute for Management DevelopmentBrad Setser and Sander Tordoir EconomistsTorsten Slok Chief economist, Apollo Global Management
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What people said 2 voices · verbatim
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Good. Complacency and lack of competition isn’t good for europeans - it’s good for the large stockholders and elite families that control these businesses. We keep hearing the media spout how bad this is, but this might just be the thing that brings us back to an era of prosperity.
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It’s been the US for quite a bit too. The internet is a giant disinformation campaign at times
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