German industry under pressure to pivot from China
German industry is aiming to diversify away from China, but pulling back from its biggest trading partner could come at a high price.
Berlin | For corporate Germany, doing business with China and Russia has until recently been a comparatively trouble-free affair. But German industry, under pressure from Berlin, is now trying to adapt to the new global realities shaped by these regimes.
German business leaders are searching for new Asian markets, as they try to move away from their dependence on China, and avoid falling into the same trap as they did with Russia.
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