Germany, the largest economy in Europe, is facing serious challenges as its economy grapples with ongoing struggles. As concerns rise about the potential impact on Europe’s overall prosperity, the nation’s growth engine seems to have sputtered.
The Far East was a masive market for German cars but the advent of electric cars has reduced demand. I always remember, many years ago, getting off the ferry from Hong kong to Macau and seeing BMWs and Mercedes everywhere - a bit of a surprise
German car exports to China were down 24 percent in the first three months of 2023 compared with the same period in 2022.
German companies are investing in The Far East where they see big markets and profits:
Germany will be asking for its TARGET 2 money back from the rest of the EU 