@@mattslowikowski3530higher energy cost, higher wages. it won't be competitive. everyone says bring the industry back but no one wants to pay the higher price
@@gudboyngdisyertoGerman wages are way lower than US wages for example, and the US are bringing industry back big time. Energy costs are the driving factor, that has to be adressed.
A perspective to consider: I think, for Germany, one of the disadvantages of so-called decoupling from China is the reality of more excessive reliance on USA. It seems to me that while many people are aware of excessive reliance on China will not be good, however, they seem to be blinded and ignorant by the fact that excessive reliance on any other single country, especially a "friend" country, will not be good too in the long run. Yet it takes strong leadership who could say 'no', which is more difficult when dealing with "friend" countries. This applies to all countries, not just Germany. Wisdom is key.
Of course, Germany could also choose to focus on the market it actually exists in-that is, stop trying to be an export champion, stop imposing self-defeating austerity on itself and other E.U. governments, let a greater share of income flow into the pockets of workers/consumers, and look at excess savings (and trade surpluses!) as just as much an economic burden as too much debt. The reason German firms think they can’t compete with Chinese manufacturers and American tech platforms is that it doesn’t have a massive domestic market to build up scale and Darwinian competition before the winners go global. Or rather, Germany *acts as if it doesn’t have a massive domestic market.* Instead, it uses EU competition policy to beggar its neighbors, like US states squabbling for Amazon HQs or Toyota factories on steroids. There’s an obvious way to sustain demand for German products that’s Trump- and Xi-proof: Support policies that make Greek, Polish, Spanish, Hungarian, Romanian, Bulgarian, and Baltic consumers richer! Instead of seeing Eastern Europe as cheap labor supply for internal outsourcing of stuff to sell to Americans and rich Asians, view them as sources of untapped demand safe from any trade barriers. A fiscal union that makes the income/spending gap between the poorest and richest E.U. members closer to that between US states benefits German companies and German workers above all. For all America’s toxic polarization, do you ever hear Silicon Valley or Seattle whinge about their tax dollars subsidizing impecunious, backwards Alabamans and Mississippians, like Germans in the euro crisis? No, because it benefits Amazon and Apple-and their well-paid-workers that as many people as possible in their domestic market can afford to buy iPhones and Prime subscriptions at healthy markups. Stop pretending you’re at the mercy of big bad China, Russia, and the US, when it’s German ideological intransigence that’s left Europe so much weaker than the sum of its parts.
Last I checked, the US was not a repressive dictatorship with concentration camps and plans to invade a democratic neighbour, and attempting to upset the Rules-based world order.
That’s diplomacy. By cutting ties Europe lowers it’s risk regarding the inevitable war in the future if China will ever think about expanding its territory. And systemic rival means enemy.
Germany and the EU as a whole is never an independent political entity, they have to do whatever Washington tells them to do, regardless of their own interests.
Western country’s can NEVER decouple from China, more specifically Western Europe, other countries like the USA, India, Brazil or Indonesia have the resources and growing political power, Europe does not.
India? it imports 100B from China each year and a lot of it to drive its own nascent industries. As for US, would Joe Blow accept paying 5x the amount for his tools from Walmart? Would he accept 10% inflation on goods and his own mortgage? I doubt so. People will come to understand and appreciate what China's large scale manufaturing at low prices did for their middle class lives in the last 4 decades @@beasley1232
Germany could survive everything look after world war two the super productive Germans built their country from wreck to global trade I think 🤔 if they can surmount those challenges what more now which presently they are solid in infrastructure and technology it will just be temporary pain but their freedom from Chinese control is more important
However, there are also sectors where China cannot compensate overnight. Especially the chemical and engineering sectors. In the meantime, many companies would shift their exports to other countries. India in particular will then play a relevant role. Largest population, many resources, closer to Europe via the water route and better communication as many can speak English.
Of course there is an impact on the German economy from the cut of Russian gas supply. But the German economy is not collapsing. The study predicted an impact but Germany could keep running. Which is exactly what is happening.
@@danieldevries5203 keep running with what ? Germany went from the richest country in europe to recession in less than 2 years because of Russia and now you want to add a bigger wound To achieve what purpose?
Gas storage is literally full with none of that coming from Russian pipelines and prices are simply up a bit on most products (which is also the case in most countries uninvolved in sanctions). Of course not selling to China will cause unemployment, but assuming we still import some stuff from there (albeit through a proxy maybe) the ramifications won't be massive.
ASEAN trades volume with China is much bigger than EU nowadays, while DW is focusing on geopolitical tension. EU economy is on a downward spiral when it's fighting a proxy war for America. More businesses and factories are moving out of Germany because of war, high energy cost and high inflation.
no wonder trade with China to ASEAN getting lower year by year. and ASEAN started produce their own goods.. thx to aggressive action in ASEAN region, many foreign companies leaving in China to set up their manufacturing hub in ASEAN region.
Germany isn't fighting a war anywhere, they don't have a military to fight a war with, as America pays the financial cost of handling it's security needs.
@@ganboonmeng5370it is growing but trade growth rate is declining, ASEAN trade growth rate with rest of world is increasing. I'm even seeing more products made in mexico, India these days
A few years ago, Australia decoupled agricultural exports with China for the first time, but our Dear G7 friends Canada and the United States seized all the Chinese markets given up by Australia within a month!
@@thegreatdane3627 minimal? Germany main source of income is from automobile, and vw sell more cars in china than US, africa and middle east combined, LOL, it won't be minimal, german economy would be dead by 2moro.
@@thegreatdane3627 china will suffer few job losses, while germany will suffer with whole economy going down, and not to forget germany economy is already going down.
Exactly and Germany agrees with G7 to sanction China so China will find its own solutions no longer dependent on G7 technology. That's a gradual shift very few people want to acknowledge and lead to the demise of the G7 economies
Let's acknowledge one unspoken fact -- German companies are making good money in Cina. eg. 50% of VW's worldwide profit comes from Cina. The other companies making lots of money: are the DE investment banks, the insurance companies, and the chemical companies. They make money, but they do not directly benefit German workers in German. Decoupling, or derisking as some would like to window-dress it, is a sly political ploy, but it is not a wise move, and it will backfire.
It’s amazing that Germany didn’t talk about decoupling from the country behind destruction of Nordstream but instead want to appraise decoupling from another country that hadn’t done any act of aggression towards Germany
It looks that those countries China and Russia wants to plan something together. If China realize that USA and EU has contributed the most to China's growing that will be wise for them. Unfortunately not sure if China works that way and it was not a plan to gain technological and economical advantages and after that to turn the table.
@@yuzhang5520 Deng Xiaoping was asking Nixon how to feed so many Chinese back then. So as Nixon wanted Russia to be isolated accepted the deal to move capital to China and give some impulse to their economy. Yes, it was economical but not like the West or USA in special could not deal without China. So don't forget things can turn around. China has progressed a lot and should be wise and to not fall for a mad man like Putin.
@user-ek9go3kf2w As a Chinese I need to explain something, China's accession to the WTO is the common will of China and the United States, China needs to develop its economy, and the United States needs China to contain the Soviet Union. Ten years later, the Soviet Union collapsed, and both China and the United States got what they wanted. But China can't always be a sweatshop, making clothes and socks for Westerners, we also need to produce high-tech products. China's current development threatens the economic hegemony of the United States, and the United States without economic hegemony will also lose its military hegemony and eventually lose its leadership position, which is the reason why the United States wants to contain China. China does not want to help Russia in its war, but it can only maintain partial neutrality in its current international relations
I AM A BUSINESS MAN, THIS WHOLE WESTERN STUPIDITY TO CALL TRADE DEPENDENCE IS CHILDISH. WE LIVE IN A GLOBAL COMMUNITY. TRADE IS WIN WIN NOT DEPENDENCE.
THE FACT YOU NEED TO USE ALL CAPS MEANS YOU ARE A LOUSY BUSINESS MAN, dependence is the magic word, you need to spread your risk or you are in for a rude awakening.
China took all your money and jobs and they still want Taiwan and other things? Talk about greedy. Because China took all the world's jobs and money and that is why everyone else is poor and they tricked everyone into thinking it was the USA's fault. We should never have put all our eggs in 1 basket. Kissinger was dead wrong about giving China all the jobs, money and power so that they would turn into nice guys, let alone a democracy.
I am Chinese, and I understand why the United States wants to decouple from China because it has a trade deficit with China. But Germany has a trade surplus with China, what are the reasons for decoupling?
@@kinngrimmnothing much happened, Germany was destroyed in world War 2 but bounced back to become one of the worlds top economies. The current situation is nothing more than a walk in the park in comparison. Don't worry too much about Putins boot lickers . Germans have been my best friends and I have worked with them and know what they are capable off, Russians don't come anywhere close.
Go ahead. Life will go on. One block has energy, resource, manufacturing and market/population, while the other block has paper money. It's such arrogance to think that a country of 1.4B people depends on G7 countries with 0.8B people.
India has 1.4B citizens too. and India is part of QUAD. Indonesia has the 7th largest population in the world too. And China has territorial dispute with Indonesia in South China Sea. Vietnam is also not on China's side. Australia also has resources (yes, China needs Australian iron ore and coal), and Australia is also part of Five-Eye and also QUAD. Holland, South Korea and Japan has CHIPS, too bad China does not have membership in CHIP-4
Aren't those the same guys who said "we don't need gas from Russia" just to see their economies shrink in the following year? Yeah, they definitely know what they are talking about.
it is a shame that Germany is not thinking about how to invest more in its own innovation, productivity to be more competative in its technology and product offerring to the global markets.
But the US has been doing that for quite some years as of now. And Russia was sanctioned from all fronts and bannned from using US dollars, ... into an annual growth of GDP by around 3.5%. So classifying one's biggest customer would really work ... and work wonders ..... (to the contrary effect though).
The other day we had Scholtz blaming Putin for poor economic performance. Due to the absence of Russian oil. Now this madness. You would think these two hate Germany
If you do as the Americans say: ->your economy is destroyed, ->your standard of living drops, ->you are joining a war you don't need to fight, ->against a country who really isn't your enemy ... ----- Colonel Douglas Macgregor.
More important question is "why Germany want to decouple from China " ? need to follow U$A 0rder ? For People interest or politicians interest ? Or for U$A politicians interest ?
It is more than that. China wants first the "investors" to come and bring technology then after they copy and commit patents theft they build their own factories to compete again the investors at lower prices.Then they demand to sell their products in Europe just to balance their trade. It can't work like this for to long time, it has to stop because will bankrupt the investor .
@@johanneswetzler2861 Ah yes. While we're at it, how about we also stop trading with Saudi Arabia, UAE, Qatar, Egypt etc. I mean, their governments aren't any better than the CCP...
I studied German at university and I am Chinese. Since I graduated in 2017, I have tried to establish connections with Germany and expand business opportunities, but this is basically impossible. I feel so depressed that in this day and age, I am so callously abandoned. Learning German seems like a waste of time. There are a large number of people in China who speak German. Many times we feel cheated. Be deceived by the prosperity and hypocritical of this world.
Same Was Said About Cutting Ties With Russian Gas And It Turned Out So Good That They Started Buying The Same Oil & Gas Of Russia Through India😂,1000 Iq Move
Yes, and just like with Russia the emphasis was that it wouldn't hurt that much, which was largely correct. Germany went into a small recession close to 0%. In the case of China however he said that it would be 5% hit to Germany's GDP.
@@dennisestradda9746 Dude you literally have a photoshopped pic of the Chinese president as your profile picture🤣 if that's not bot activity I don't know what is
@@aa-0731 You guys in Europe should know the normal Chinese people never want to take over the leadership or to be the only one voice. Rather than speculate and argue nonsense about whether the US and China have or will get the only one voice, you should raise Europe's voice and make it louder yourself, that is the way to avoid one voice, and I think China would rather see it.
@@kaideng8355 LOL Even in your country, a second voice is not allowed. You don't dislike Europe following other's will, you just dislike Europe not following China's will.
@@aa-0731 That is just what you think and you even changed my words. Whether or not Europe follows China's will doesn't matter. I'm just trying to raise your awareness of your own problem, which is that you're just judging the world according to the ideology from the last century, without any thoughts of your own, commonly known as the lapdogs.
By your definition, then so is Japan and S. Korea. These so called colonies such as Germany, Italy, Japan, and S. Korea are all in the top 10 richest countries in the world. If being a colony of the US means you get to be extremely wealthy and have a much higher standard of living than most countries, then it's a pretty damn good deal. N. Korea who is a colony of China isn't doing too good. Mass starvation and defections whenever they get an opportunity. Compared to a 1st world country like S. Korea who is the 10th on highest GDP. What do all the top 40 richest countries have in common? They all have extremely favorable ties to the US. What do all the bottom 30 countries such as N. Korea, Iran, Cuba and Venezuela have in common? They all have negative ties to the US.
@jmg8246 Dufus. You must not have gone to school because they didn't teach you. There is a reason why N. Korea is called the Hermit Kingdom. Because no one can see inside its shell. Does N. Korea completely depends on China for protection and its lifeline essentials like food and fuel? Yes, then it's a protectorate, which makes it a colony.
China welcomes trade but if some chose to cut off trade its their choice. China will not sent war ship and force trade on others. This could be blessing for China since it'll create more jobs in China to produce more things themselves.
Unfortunately the high level of corruption in China means that product quality will always be hit-and-miss, unless the government relaxes restrictions on whistleblowing and allows members of the public to spread information about problems. Otherwise companies will never have much incentive to improve.
The problem is that the Chinese middle class doesn't spend on consumer goods. The Chinese would rather put their income in failed housing market that is popping right as we speak. Why produce stuff if your domestic market is extremely weak because no one in China spends? Edit - the median income to housing parity in China is 2/3. That means the Chinese spend 66% of their income on housing leaving only 33% for everyday use such as groceries, etc. In the US, it's 1/3 so the middle class has a much higher consumer consumption.
I don’t see how you guys always are concerned about Germany and it’s economy. Russia is a poor backwards developing country compared to Germany. 25% of Russians have no access to a canalizations system and have a toilet in a hut 🛖 in their garden. And you want to tell me, that the german economy is a concern ? Because of gas exports from Russia ? 😂😂😂
"German GDP would take a hit of just a few percentage points, similar to the impact of past crises like the pandemic". Oh, that sounds like a great relief. How bad can it be? Just like going through the freaking pandemic again (but alone)!
Until everything become so expensive that is. China provide cheap manufacturing, russia prpvide cheap energy. Germany wouldn't be able to compete in global market price wise due to high energy and manufacturing cost. Go ahead then. Isolate German further
The vast of majority of China's "cheap" manufacturing has been exported to Africa. The CCP can't keep manufacturing costs low whilst "raising" standards of living. Even with the slave labour they get from ethnic minorities and political prisoners, labour in China isn't as cheap as it was before.
@@timpaull9340 Germany and the EU are not actually decoupling from china, at least not yet. At the moment it is more about reducing the dependency a little bit, and trying to level the playing field.
This is a strawman argument. No one ever argued that the German economy could not survive a decoupling from China the issue was and remains that most of Germany's auto industry derives a large part of its profit from China sales. German auto's derive something like 40 percent of their revenue from China and employ over 800,000 people at home. A hit to their revenues from any decoupling would have a significant knock on effect on the rest of the economy which is why any decoupling would not go down easily.
The world’s largest chemical manufacturer BASF moved to China this year from Germany. The reason? It could not afford the energy costs since Germany put sanctions on Russian gas and so they had to buy expensive American gas. Now they are buying Russian gas in China, so what was the point. Germany is a puppet of the Americans and does as it is told to the detriment of its own people. Van der Leyden the leader of the European Union is married to an American, she has 7 children and they all live in America. She has American citizenship and was educated in America. How you put someone like that head of a political organisation like the EU is staggering. She does Americas bidding at every turn and is known to be corrupt
German export trade as of 2022. United States 9.8% France 7.4% Netherlands 6.9% China 6.7% Poland 5.8% See More Countries 63.4% China is only 6.7% of German export market. Germany import trade as of 2022. China 13.0% Netherlands 7.1% United States 6.3% Poland 5.2% Italy 4.8% See More Countries 63.5% German imports 13% from China while exporting only 6.7% back to China. Germany will only lose 6.7% MAX of its market if it chooses to decouple. Those loses are extremely negligible.
China is not a big customer.... China (ex)premier Li Keqiang admitted that, 0.6 billion Chinese earn less than 1000 RMB, and 0.9 billion Chinese earn less than 2000 RMB per month. With such low salary (or disposable income) china can never be a big customer.😀😁😂
More important question is "why Germany want to decouple from China " ? need to follow U$A 0rder ? For People interest or politicians interest ? Or for U$A politicians interest ?
... but why? this is not addressed in this video. why would germany be the country that needs to carry the weight of not trading on their backs? how about Germany trades with everyone as much as they want?
Germany has been carrying the weight of being a monkey when it comes to foresight. They should and need to do this - they're not carrying a weight of anything here.
are these the same experts who told us sanctions would destroy the Russia economy. And the EU would be able to obtain cheap oil and gas from other markets. I can't keep up with kids slang does 'expert' now mean 'complete fool'. anymore of these experts and everyone in the EU will be starving.
@gfys756 The sanctions weakened Europe and strengthened Russia. The outcome of the sanctions proved to the global south that getting out from under U.S. hegemony will open doors of opportunity and development.
Yeal, growth next year and “even” with no Russia!! That’s mastery, yes Germany committed mistakes by over relaying on Russia, but it turned it around in less then a year Ohhh and did I forget to tell you.. Germany is now the THIRD LARGEST ECONOMY IN THE WORLD!!!!!!! Surpassing Japannnn Best part is never again with Russia, besides Russia is an Asian country that would find better and faster access to other Asian countries
it only more expensive but its was not impossible other countries have oil and gas reserves,if im not mistaken qatar,usa,nigeria are top supplier to europe now, china personally i think is more tricky to decouple because they own minerals,they have a stronghold in the supply chain and beside the usa they are the biggest market for ´western companies´
@@gfys756Russia just want to stop the American expansion to the east They are not interested on Central n Western Euro After the Second World War the soviet Union built a iron wall They did not want to have anything to do with the western power
They are just US' pawn and US don't want German shake hand with Russia or China. But out of their strategy Russia shake hand with China that US feel nervous about their domination of the world
The Chinese people deserved better. Unfortunately, they didn't get to choose. So they just have to accept whatever happens. Unless, of course, they decide that enough is enough.
@@hellohi3416 China is just not worth Germany to destroy its own future. Germany has better comrades to work with, like Vietnam, India, Thailand, Taiwan, South Korea and Japan. The hope for Germany is to co-orperate with so many countries (like Vietnam, India, Thailand, Taiwan, South Korea and Japan). Germany should not serve as servant to China.
Nobody has catched the key point yet, that either decoupling or derisking from China will allow both sides to be much unstable economically from each other. The perspective, from which European is taking consideration in, should not be the commercial object as China but the smart way to get mutual benefits. Frankly speaking, "China" is the most word I have heard in the video and it is full of a sense of adversary without any clue on analysing business sensibility. It is not "China" but the economic structure that deteriorate the profit of world economy!
I think somehow DU is getting funding from Americans.They are showing false pro American narratives for almost a year.First we all thought Putin is a culprit and killing poor Ukrainian people.But day by day it become clear it’s a cult business running by handful of Americans and they are looting their taxpayer money in the name of Ukraine aid.There is nothing about humanity in it.And who is suffering most I think Germany’s economy
Refusing cheap oil from Russia added with cutting off yourself from the world's number one consumer is the height of madness. And for what exactly? Democracy, Way of Life, or what other nonsense this time?
And meanwhile, decoupling from Russia proved to be a total success and the consequences are total manageable. Just some raises in the electricity and gas bills, and we (whoever live in Europe) managed to handle the situation perfectly. It does impact our daily life, but just a little bit, not much at all
China has always adhered to the diplomatic principle of non-interference. Whether Germany decouples from China or not, China will not force it. Cooperation will benefit both sides, while fighting will hurt both. I am Chinese, and I know that our Chinese society admires German cars very much and pursues German cars as luxury and high-end products. Use German-made industrial products as industrial benchmarks. If Germany is willing to give up a fan customer who uses him as a benchmark, it will be a loss for both parties. But it’s not that Chinese people can’t continue to live without German products. Chinese people can still live. Not only can they live, but they no longer need to pursue expensive products to live, and they can save a lot of money. The cost of life for Germans will increase relatively. There will no longer be cheap daily necessities made in China, and the cost of living will increase.
The Germans should be grateful thanks to China,It is very hard to find cashed up customers on scale who can afford Mercedes,BMw and Volkswagen.....try to sell these cars to India or Africa markets,buyers are very scarce.
i am in indian. Annual Mercedez sales in India 3000 , in china 600000 . I laugh when I hear India will replace china . India 20 years from now will certainly be richer than what it is today , but China is in a different league . US is pissing its pants looking at China's R&D initiatives and is creating all this decoupling Drama .
India and Africa are too poor to afford that. But Chinese consumers buy things made in china so the money that comes to Germany is pretty low in amount. And in most cases it just goes to private companies and doesn't make any difference to the economy in major ways
@@atherzaidi5871 That trade will go either way at the snap of a finger if the CCP wants to hardball on trade. Why trade with someone whos unreliable? It doesn't matter what is coming in if you can't predict how long it'll stay that way.
What I don't understand is the meaning of threat from China. Julian literally said China is more dependent on Germany rather than Germany on China. In that sense, China is not a threat. If China is not a threat what is the rationale behind decoupling? The sole purpose of decoupling is to weaken both EU and China in order to keep US as the world leader.
the harm is that with a lot of stuff being made in China you're dependent on what China does. like during the pandemic, because China put several cities in full lock downs a lot of trade got disrupted which let to a lot of products not being available all over the world. Germany and the EU want to make sure that whatever they need on a daily bases is always available, so they need to manufacture those products in a safe and friendly place (ideally in Europe itself) so they need to move manufacturing out of China and into other places. also China gets increasingly hostile against other Asian nations and if/when that results in war, the West will side with the attacked party. this will result in China trying to lass back and one of their ways of doing that is by halting all trade with the West. so if you prepare for a stop in trade when it happens the hit won't be as hard as it would be without preparing for it. PS. it's not just China that's becoming a more and more erratic trading partner, Europe should try to become (way) less depended on the US to. every time the US holds elections it could do a 180 on everything, including relations with Europe. so Europe should prepare to one day be completely independent of the US (in trade, security and every other field)
From that angle, you may be right. However having said that what you are saying is against globalisation. Every country should manufacture goods themselves. Including China not buying goods from Germany? Do you see what sort inflationary effect this would have on the world economy? From my point of view as long as the products imported from other country is not strategically important, meaning something you could do without or less then it is not a threat.@@ChristiaanHW
The Pope has just in his speech declared Israel's attack on GAZA civilians as terrorist attacks. I don't think I have to tell you that who supply arms to these terrorists. More imporantly does Germany has factories produce arms for the terroists? If so they are your threat.
5:42 “Taiwan is to be made a part of China? And Taiwan is a democratic [island].” So Taiwan is a island or an independent country? The host is quietly switching concepts here. Shame on you.
Problem is when you live without China, your competitors still work with China... I would rather bet on industrial upgrading in Germany than isolation.
@@AnnaJHahaWhat competitors? Companies are leaving China in droves thanks to the CCP's xenophobic racist campaign which essentially pushes all of the state's blunders on foreigners. They still talk about and CONSTANTLY remind Chinese people about the "century of humiliation". The CCP doesn't want to work with people, they want to rule over them.
You can always hypothesize decoupling and be positive about the situations, but by decoupling from China, who else will pick up the slack in trade and economy?
1. Forced technology transfer to enter the Chinese market. 2. Forced partnership with Chinese companies to facilitate that transfer. 3. State actors limiting market access to China in markets where tech transfer is not available. 4. Mercantile practices, whereby China subsidizes and floods markets with exports. 5. Gradual de-industrialization of Germany, which has been a huge factor for German Middle class development. 6. Opportunities for Germany and Europe to develop indigenous hard tech industries. 7. Greater risk of industrial and tech espionage.
More important question is "why Germany want to decouple from China " ? need to follow U$A 0rder ? For People interest or politicians interest ? Or for U$A politicians interest ?
@@happymelon7129 Nobody wants to trade with an aggressive foreign dictatorship. They've seen the threats ping has been dishing out to others and would prefer to trade with friendly countries.
It's not easy for Germany leaders. They are aware of that. Being someone else's servant in your own country knowing that you are destroying your own people is not something a man wants to be when he grows up. May God help them and Germany.
@@liang8255Germany is not occupied by us Americans Germany is only occupied by the German people Germany governs themselves. A lot of American and European companies are leaving China… China is to expensive and to risky to run operations in the country no one want to do business with China anymore the same thing goes for Russia as well no one wants to do business with them either.
Wish DW defined their interpretation of "Decoupling." Sure, the trade between the two export giants will continue; however, the Germany's investments in China will greatly diminish in the near future. Germany will be just fine.
A few years ago, Australia decoupled agricultural exports with China for the first time, but our Dear G7 friends Canada and the United States seized all the Chinese markets given up by Australia within a month!
If they don't decouple, EU car market gets wiped out by Chinese EVs. If they decouple, EU car export to China gets wiped out by kicking themselves out. Lose lose and choose one. Or start importing Chinese technologies to make better products like BMW, VW and Tesla have done with CATL.
There is nothing deemed a must. Germany can isolate itself from the rest of the world just fine. However the notion of trading block is worrisome because of geopolitic.
Cutting from China doesn't mean "isolate itself from the rest of the world". If the need of cheap stuff is so great, other countries will step in - Asia, South America, Eastern Europe - many offer cheaper labour. Germans are simply afraid of change. Additionally, of course, folks want to buy cheap stuff. But it's not China, who has "selling power" over Germany. It's the other way around - Germany has the "buying power", as they have the $$$.
That is exactly what Germany can NOT do. Germany is an industrial powerhouse with decent agriculture and service sectors. But Germany has almost no valuable resources of its own and is dependent on imports that are then refined in Germany into industrial products and exported again at a profit. An isolated Germany would first lose needed resources, and then crash its economy because they wouldn't have anybody to sell to. This is also the reason why Germany is much more interested in diplomatic solutions than for example the US. Which is not a bad thing, unless you believe unilaterally thinking armchair strategists which claim that mutual dependency is a bad thing.
Why to do so? Who benefits? Is China so evil or is it because China is independent minded of the West? What has China done to deserve such considerations?
It is because Germany is a client state of the US. Can you tell me what the reaction made by the Germans after the US bombed the Nordstream gas pipeline? None. There aren’t any.
it's cheaper to build nowadays factories in east Europe than in china, German companies move nowadays to east Europe. No Big shipping costs, and building a strong neighborhood is in the long run more sustainable for Europe as a whole
Not as what you might think. The Netherlands has become the logistics hub in the EU after the UK Brexit. Germany's trade with Netherlands means the latter is only being used as "transit point" for distribution to other countries in the EU.
Germany imports 2x from China as they do from the Netherlands. Also, most of what the Netherlands exports to other EU countries it buys abroad... it's just a big logistics warehouse. I wonder how much goes to Germany indirectly from China, through the Netherlands.
More important question is "why Germany want to decouple from China " ? need to follow U$A 0rder ? For People interest or politicians interest ? Or for U$A politicians interest ?
remember decoupling is not the same thing as brexit.....one simply just means leaving the union but u are not necessary ending all trade or economic activities with the aforementioned partners, but decoupling means a complete removal and ceasing of all economic activity or function..... UK already regretted the brexit hugely.......i cant imagine what its like to decouple and say goodbye to 20,25% of ur economy.
How can this be that a country like Germany 🇩🇪 is slowly and willingly becoming Japan 2.0, It's incredible to see how Germany is slowly destroying it's trade relations by believing people who have been failing for over two decades now, We'll it might also be a good thing since countries such as india 🇮🇳, Indonesia 🇮🇩 etc are waiting on the sidelines to take it's place on the global economic space.
The USA has launched trade wars against China and then the EU. The final result is that Germany chooses to decouple from China. 😂What is the logic behind this? Is Germany a vassal state of the USA?😂
decoupling with your biggest buyer? how smart.
decoupling from your biggest supplier? that's even smartest
@@freethinker5384 I don't think anyone else can have an equal purchasing power like China
@@PatrickF7 cause we're all in debt above our heads
@@PatrickF7 Really. You can't beat all those consumers taking out huge loans to buy non-existent homes.
They won't have it as bad as when China decoupled from its biggest coal supplier (Australia) in the middle of winter.
Well, thing is: Most of the stuff sold by German companies in China is also produced on China
Whereas, Germany can start making things that China sells in Germany.
Last time I checked industries were closing in Germany.
Thise things that made in China are made by German and other foreign companies.
@@mattslowikowski3530higher energy cost, higher wages. it won't be competitive. everyone says bring the industry back but no one wants to pay the higher price
@@gudboyngdisyertoGerman wages are way lower than US wages for example, and the US are bringing industry back big time. Energy costs are the driving factor, that has to be adressed.
A perspective to consider: I think, for Germany, one of the disadvantages of so-called decoupling from China is the reality of more excessive reliance on USA. It seems to me that while many people are aware of excessive reliance on China will not be good, however, they seem to be blinded and ignorant by the fact that excessive reliance on any other single country, especially a "friend" country, will not be good too in the long run. Yet it takes strong leadership who could say 'no', which is more difficult when dealing with "friend" countries. This applies to all countries, not just Germany. Wisdom is key.
Well the US isnt going to give germany a choice. They can pick the US or China but the US isnt going to let you trade with both
US just isn’t a reliable partner anymore. Half the country lost its mind in the last ten years.
Of course, Germany could also choose to focus on the market it actually exists in-that is, stop trying to be an export champion, stop imposing self-defeating austerity on itself and other E.U. governments, let a greater share of income flow into the pockets of workers/consumers, and look at excess savings (and trade surpluses!) as just as much an economic burden as too much debt. The reason German firms think they can’t compete with Chinese manufacturers and American tech platforms is that it doesn’t have a massive domestic market to build up scale and Darwinian competition before the winners go global.
Or rather, Germany *acts as if it doesn’t have a massive domestic market.* Instead, it uses EU competition policy to beggar its neighbors, like US states squabbling for Amazon HQs or Toyota factories on steroids. There’s an obvious way to sustain demand for German products that’s Trump- and Xi-proof: Support policies that make Greek, Polish, Spanish, Hungarian, Romanian, Bulgarian, and Baltic consumers richer! Instead of seeing Eastern Europe as cheap labor supply for internal outsourcing of stuff to sell to Americans and rich Asians, view them as sources of untapped demand safe from any trade barriers.
A fiscal union that makes the income/spending gap between the poorest and richest E.U. members closer to that between US states benefits German companies and German workers above all. For all America’s toxic polarization, do you ever hear Silicon Valley or Seattle whinge about their tax dollars subsidizing impecunious, backwards Alabamans and Mississippians, like Germans in the euro crisis? No, because it benefits Amazon and Apple-and their well-paid-workers that as many people as possible in their domestic market can afford to buy iPhones and Prime subscriptions at healthy markups.
Stop pretending you’re at the mercy of big bad China, Russia, and the US, when it’s German ideological intransigence that’s left Europe so much weaker than the sum of its parts.
hey us army is there❤
Last I checked, the US was not a repressive dictatorship with concentration camps and plans to invade a democratic neighbour, and attempting to upset the Rules-based world order.
Excuse me. De-coupling or de-risking are words invented by US and the European countries. Not by China.
That’s diplomacy. By cutting ties Europe lowers it’s risk regarding the inevitable war in the future if China will ever think about expanding its territory. And systemic rival means enemy.
It’s a European channel, I don’t see the problem in DW using their own words, be them “invented” or otherwise.
Of course! It's the West who wants to decouple. It's because China (CCP) is a risky and unequal trading partner.
@@pansepot1490 Is it ok to twist the truth and accuse someone else for it. I guess by exercising this mindset, you are always perfect. Hahaha
@@ANTheWhizkid Statistically china has never been an aggressor even when it was at its prime. That is the fact.
Sacrificing yourself can’t be a way to express your loyalty to the US.
😅0ccupixd sinxe 1'9'4'5
Case in point: Scholz
Germany and the EU as a whole is never an independent political entity, they have to do whatever Washington tells them to do, regardless of their own interests.
😅U$A ”step on“ EU to stay afloat.
They defend and have defended Europe , we want to have friends not like Russia.
Just like some study saying cutting off Russian gas would be great for the German economy. LOL.
As if China would allow VW, BMW, basf, Siemens etc to continue operating in China if Germany chooses to totally 'decouple'
Western country’s can NEVER decouple from China, more specifically Western Europe, other countries like the USA, India, Brazil or Indonesia have the resources and growing political power, Europe does not.
India? it imports 100B from China each year and a lot of it to drive its own nascent industries. As for US, would Joe Blow accept paying 5x the amount for his tools from Walmart? Would he accept 10% inflation on goods and his own mortgage? I doubt so. People will come to understand and appreciate what China's large scale manufaturing at low prices did for their middle class lives in the last 4 decades @@beasley1232
Germany could survive everything look after world war two the super productive Germans built their country from wreck to global trade I think 🤔 if they can surmount those challenges what more now which presently they are solid in infrastructure and technology it will just be temporary pain but their freedom from Chinese control is more important
However, there are also sectors where China cannot compensate overnight. Especially the chemical and engineering sectors. In the meantime, many companies would shift their exports to other countries. India in particular will then play a relevant role. Largest population, many resources, closer to Europe via the water route and better communication as many can speak English.
This is what they are talking about.
The same "study" suggested that EU does not need Russia energies and Germany economy has been doing so well after the "divorce "
Of course there is an impact on the German economy from the cut of Russian gas supply. But the German economy is not collapsing. The study predicted an impact but Germany could keep running. Which is exactly what is happening.
🤣🤣🤣 sarcasm.
Same as AUS, think tank also fund by Washxngton to keep the German inline.
This report try to _____people.
The Netherlands is a middle man, not a market.
The Netherlands, a "transit point" for distribution "China"😆
@@danieldevries5203 keep running with what ? Germany went from the richest country in europe to recession in less than 2 years because of Russia and now you want to add a bigger wound To achieve what purpose?
Gas storage is literally full with none of that coming from Russian pipelines and prices are simply up a bit on most products (which is also the case in most countries uninvolved in sanctions). Of course not selling to China will cause unemployment, but assuming we still import some stuff from there (albeit through a proxy maybe) the ramifications won't be massive.
ASEAN trades volume with China is much bigger than EU nowadays, while DW is focusing on geopolitical tension. EU economy is on a downward spiral when it's fighting a proxy war for America. More businesses and factories are moving out of Germany because of war, high energy cost and high inflation.
no wonder trade with China to ASEAN getting lower year by year. and ASEAN started produce their own goods.. thx to aggressive action in ASEAN region, many foreign companies leaving in China to set up their manufacturing hub in ASEAN region.
Germany isn't fighting a war anywhere, they don't have a military to fight a war with, as America pays the financial cost of handling it's security needs.
@@ColoniaMurder20where did u get that ? ASEAN TRADE WITH China is growing....
@@ganboonmeng5370EU ASEAN trade are also growing chinco. And guess where EU will place their factories in?
@@ganboonmeng5370it is growing but trade growth rate is declining, ASEAN trade growth rate with rest of world is increasing. I'm even seeing more products made in mexico, India these days
A few years ago, Australia decoupled agricultural exports with China for the first time, but our Dear G7 friends Canada and the United States seized all the Chinese markets given up by Australia within a month!
Dude, half of sale of WV car are going to China. Is that means we stop selling? That is the half revenue!
those cars are not made in Germany, they are produced in china. It would be bad for VW, but the effect on Germany would be minimal.
No ICE cars for sale in China from 2024!
@@thegreatdane3627 minimal? Germany main source of income is from automobile, and vw sell more cars in china than US, africa and middle east combined, LOL, it won't be minimal, german economy would be dead by 2moro.
@@IamHandsome4u if the cars sold in china are also produced in china, that means the loss of jobs and tax revenue would mostly affect china.
@@thegreatdane3627 china will suffer few job losses, while germany will suffer with whole economy going down, and not to forget germany economy is already going down.
If Germany is on its way to deindustrialization, then it would soon have little to offer to China and the decoupling would happen naturally.
Exactly and Germany agrees with G7 to sanction China so China will find its own solutions no longer dependent on G7 technology. That's a gradual shift very few people want to acknowledge and lead to the demise of the G7 economies
Let's acknowledge one unspoken fact -- German companies are making good money in Cina. eg. 50% of VW's worldwide profit comes from Cina. The other companies making lots of money: are the DE investment banks, the insurance companies, and the chemical companies. They make money, but they do not directly benefit German workers in German. Decoupling, or derisking as some would like to window-dress it, is a sly political ploy, but it is not a wise move, and it will backfire.
It’s amazing that Germany didn’t talk about decoupling from the country behind destruction of Nordstream but instead want to appraise decoupling from another country that hadn’t done any act of aggression towards Germany
It looks that those countries China and Russia wants to plan something together. If China realize that USA and EU has contributed the most to China's growing that will be wise for them. Unfortunately not sure if China works that way and it was not a plan to gain technological and economical advantages and after that to turn the table.
@@MKSense1You said as if the western didn’t benefit from China’s massive market and low-price products. Decoupling brings pains to both sides.
@@yuzhang5520 Deng Xiaoping was asking Nixon how to feed so many Chinese back then. So as Nixon wanted Russia to be isolated accepted the deal to move capital to China and give some impulse to their economy. Yes, it was economical but not like the West or USA in special could not deal without China. So don't forget things can turn around. China has progressed a lot and should be wise and to not fall for a mad man like Putin.
@user-ek9go3kf2w As a Chinese I need to explain something, China's accession to the WTO is the common will of China and the United States, China needs to develop its economy, and the United States needs China to contain the Soviet Union. Ten years later, the Soviet Union collapsed, and both China and the United States got what they wanted. But China can't always be a sweatshop, making clothes and socks for Westerners, we also need to produce high-tech products. China's current development threatens the economic hegemony of the United States, and the United States without economic hegemony will also lose its military hegemony and eventually lose its leadership position, which is the reason why the United States wants to contain China. China does not want to help Russia in its war, but it can only maintain partial neutrality in its current international relations
I AM A BUSINESS MAN, THIS WHOLE WESTERN STUPIDITY TO CALL TRADE DEPENDENCE IS CHILDISH. WE LIVE IN A GLOBAL COMMUNITY. TRADE IS WIN WIN NOT DEPENDENCE.
THE FACT YOU NEED TO USE ALL CAPS MEANS YOU ARE A LOUSY BUSINESS MAN, dependence is the magic word, you need to spread your risk or you are in for a rude awakening.
@@13BulliTsI use different route to work everyday, so I won't be dependent on only one route. 😅
@@cinpeace353 well, sometimes you have to when that's the only route you can afford.
China took all your money and jobs and they still want Taiwan and other things? Talk about greedy. Because China took all the world's jobs and money and that is why everyone else is poor and they tricked everyone into thinking it was the USA's fault. We should never have put all our eggs in 1 basket. Kissinger was dead wrong about giving China all the jobs, money and power so that they would turn into nice guys, let alone a democracy.
You are not a Business Man, you are Uyghur. Their population was reduced by a million recently, yet China says Israel is bad.
I could understand why US wants to decouple to maintain its hegemony. Why Germany even need consider that?
German is western country
Hegemony ? Are you rustroll or sinotroll ? This is the only explanation
But it was china that forced the decoupling. For US it is just good business sense to move operations to mexico.
orders from the us. nord stream 2 was blown up by u know who and humiliated germany can't say a word.
cause they been ordered to destroy their own lives.
Germany would do whatever it takes to show its loyalty to the US, even if it means to amputate itself.
Trying to create a narrative which is dangerous for the world is DW’s motto as news channel.
Same as AUS, think tank also fund by Washxngton to keep the German inline.
This report try to _____people.
The Netherlands is a middle man, not a market.
The Netherlands, a "transit point" for distribution "China"😆
Uncle sam is preparing Europeans for decoupling, so the europeans will have no choice other than manipulated by the US
yes,it's a US dong
@tedwong7037 The Americans do not allow other people to do business very Chinese, only themselves
I am Chinese, and I understand why the United States wants to decouple from China because it has a trade deficit with China. But Germany has a trade surplus with China, what are the reasons for decoupling?
Many experts also says that decoupling from Russia won't give bad impact for germany and europe in general. Look what happened to europe now
These socalled experts more like puppets.
What happenend? We have energy, we have food, we are alife and well. What happened?
What happened? The same happened around the world too but Russia had it worst.
@@kinngrimmnothing much happened, Germany was destroyed in world War 2 but bounced back to become one of the worlds top economies. The current situation is nothing more than a walk in the park in comparison. Don't worry too much about Putins boot lickers . Germans have been my best friends and I have worked with them and know what they are capable off, Russians don't come anywhere close.
@@crystal2484 Not trying to be rude or anything, but you are not making any sense.
Go ahead. Life will go on. One block has energy, resource, manufacturing and market/population, while the other block has paper money. It's such arrogance to think that a country of 1.4B people depends on G7 countries with 0.8B people.
Sad for the people.
😅0ccupixd sinxe 1'9'4'5
single highest national security issue , when the country leader need to report to other country.
@@happymelon7129 really sad indeed …
China bot.
@@VVayVVard Brainwashed bot?
India has 1.4B citizens too. and India is part of QUAD. Indonesia has the 7th largest population in the world too. And China has territorial dispute with Indonesia in South China Sea. Vietnam is also not on China's side.
Australia also has resources (yes, China needs Australian iron ore and coal), and Australia is also part of Five-Eye and also QUAD.
Holland, South Korea and Japan has CHIPS, too bad China does not have membership in CHIP-4
Aren't those the same guys who said "we don't need gas from Russia" just to see their economies shrink in the following year? Yeah, they definitely know what they are talking about.
Then they still blame on others. Very clever people, hahaha
It's the same as saying "we don't need luxuries". Once you're older and less ignorant, you'll understand what they meant.
China get their gas from Russia, but China's economies are also shrinking. And China has depleted its FDI
nope
it is a shame that Germany is not thinking about how to invest more in its own innovation, productivity to be more competative in its technology and product offerring to the global markets.
This guy apparently has not spent a day doing real job lol.
We have no idea what his real job is. US is known to pay institutions to publish their "insights". 😅
Is it a bit foolish to classify your biggest customer as rival?
😆Same as AUS, think tank also fund by Washxngton to keep the German inline.
Enemy
China is a enemy to democratic states
i'm glad we're finally taking this fact seriously
But the US has been doing that for quite some years as of now.
And Russia was sanctioned from all fronts and bannned from using US dollars, ... into an annual growth of GDP by around 3.5%.
So classifying one's biggest customer would really work ... and work wonders ..... (to the contrary effect though).
@@resnica3557 Germany needs China but not vice versa.
They are not germanys biggest customer. They are Germanys biggest trading partner
The other day we had Scholtz blaming Putin for poor economic performance. Due to the absence of Russian oil. Now this madness. You would think these two hate Germany
They are paid by the US to take Germany to ruin.
Putin caused 300k Russian casualties and caused the currency to collapse.
If you do as the Americans say:
->your economy is destroyed,
->your standard of living drops,
->you are joining a war you don't need to fight,
->against a country who really isn't your enemy ...
----- Colonel Douglas Macgregor.
This report try to fxxl people.
The Netherlands is a middle man, not a market.
The Netherlands, a "transit point" for distribution "China"😆
More important question is "why Germany want to decouple from China " ? need to follow U$A 0rder ?
For People interest or politicians interest ?
Or for U$A politicians interest ?
Ask China. China wants to replace all Western companies with their and gain significant influence over European, USA, etc.
Sure because the CCP is very nice.
It is more than that. China wants first the "investors" to come and bring technology then after they copy and commit patents theft they build their own factories to compete again the investors at lower prices.Then they demand to sell their products in Europe just to balance their trade. It can't work like this for to long time, it has to stop because will bankrupt the investor .
@@johanneswetzler2861 Ah yes. While we're at it, how about we also stop trading with Saudi Arabia, UAE, Qatar, Egypt etc. I mean, their governments aren't any better than the CCP...
daddy American of course
YEAH!!! Because the German economy is already a DISASTER 😅😅
So is China's, and to be honest most countries in the world have poorly performing economies right now.
@@martinogold Investigate before you speak.
Yeah, after paying minimum wages for 50 years. I'm sure generation X will love price doubling.
I studied German at university and I am Chinese. Since I graduated in 2017, I have tried to establish connections with Germany and expand business opportunities, but this is basically impossible. I feel so depressed that in this day and age, I am so callously abandoned. Learning German seems like a waste of time. There are a large number of people in China who speak German. Many times we feel cheated. Be deceived by the prosperity and hypocritical of this world.
Same Was Said About Cutting Ties With Russian Gas And It Turned Out So Good That They Started Buying The Same Oil & Gas Of Russia Through India😂,1000 Iq Move
Not to mention that China is on a WHOLE other level economically
Yes, and just like with Russia the emphasis was that it wouldn't hurt that much, which was largely correct. Germany went into a small recession close to 0%. In the case of China however he said that it would be 5% hit to Germany's GDP.
@@dennisestradda9746 Dude you literally have a photoshopped pic of the Chinese president as your profile picture🤣 if that's not bot activity I don't know what is
@@dennisestradda9746 says a bot.🤡
@@dennisestradda9746bot calling others bot 😂😂😂
Different culture and different ppl make this world better...it's horrible if the world only have 1 voice to only follow America's will...
But China and Chinese want only one voice: CCP's will
@@aa-0731 You guys in Europe should know the normal Chinese people never want to take over the leadership or to be the only one voice. Rather than speculate and argue nonsense about whether the US and China have or will get the only one voice, you should raise Europe's voice and make it louder yourself, that is the way to avoid one voice, and I think China would rather see it.
@@kaideng8355
LOL Even in your country, a second voice is not allowed.
You don't dislike Europe following other's will, you just dislike Europe not following China's will.
@@aa-0731 That is just what you think and you even changed my words. Whether or not Europe follows China's will doesn't matter. I'm just trying to raise your awareness of your own problem, which is that you're just judging the world according to the ideology from the last century, without any thoughts of your own, commonly known as the lapdogs.
it is Chinese people's choice and non of other country's business...@@aa-0731
Germany is not a sovereign nation but a colony of the country that defeated them in world war 2
Then you don't even know what a colony is.
By your definition, then so is Japan and S. Korea. These so called colonies such as Germany, Italy, Japan, and S. Korea are all in the top 10 richest countries in the world. If being a colony of the US means you get to be extremely wealthy and have a much higher standard of living than most countries, then it's a pretty damn good deal.
N. Korea who is a colony of China isn't doing too good. Mass starvation and defections whenever they get an opportunity. Compared to a 1st world country like S. Korea who is the 10th on highest GDP.
What do all the top 40 richest countries have in common? They all have extremely favorable ties to the US. What do all the bottom 30 countries such as N. Korea, Iran, Cuba and Venezuela have in common? They all have negative ties to the US.
@@Nesstor01 You see any Chinese forces in N. Korea??? Maybe you should ask the Japanese about Plaza accord...
@jmg8246 Dufus. You must not have gone to school because they didn't teach you. There is a reason why N. Korea is called the Hermit Kingdom. Because no one can see inside its shell. Does N. Korea completely depends on China for protection and its lifeline essentials like food and fuel? Yes, then it's a protectorate, which makes it a colony.
@@Nesstor01 You can coming out of your mom's basement and learn to accept the reality.
China welcomes trade but if some chose to cut off trade its their choice. China will not sent war ship and force trade on others. This could be blessing for China since it'll create more jobs in China to produce more things themselves.
Unfortunately the high level of corruption in China means that product quality will always be hit-and-miss, unless the government relaxes restrictions on whistleblowing and allows members of the public to spread information about problems. Otherwise companies will never have much incentive to improve.
The problem is that the Chinese middle class doesn't spend on consumer goods. The Chinese would rather put their income in failed housing market that is popping right as we speak. Why produce stuff if your domestic market is extremely weak because no one in China spends?
Edit - the median income to housing parity in China is 2/3. That means the Chinese spend 66% of their income on housing leaving only 33% for everyday use such as groceries, etc.
In the US, it's 1/3 so the middle class has a much higher consumer consumption.
China is already planning to invade another nation.
Wasn't there a report that said getting rid of cheap oil from Russia wouldn't hurt the economy ?
Actually, how do yourself get rid of Cheap Oil?
You ban cheap Oil, to buy the more expensive One, just to hurt Russia 😂
Who's hurting who?
I don’t see how you guys always are concerned about Germany and it’s economy.
Russia is a poor backwards developing country compared to Germany. 25% of Russians have no access to a canalizations system and have a toilet in a hut 🛖 in their garden. And you want to tell me, that the german economy is a concern ? Because of gas exports from Russia ? 😂😂😂
best comment
you wont die anyway
No, u are confusing it with "wouldnt destroy the economy".
"German GDP would take a hit of just a few percentage points, similar to the impact of past crises like the pandemic".
Oh, that sounds like a great relief. How bad can it be? Just like going through the freaking pandemic again (but alone)!
Until everything become so expensive that is. China provide cheap manufacturing, russia prpvide cheap energy.
Germany wouldn't be able to compete in global market price wise due to high energy and manufacturing cost.
Go ahead then. Isolate German further
the vast majority of Germany's exports are to other European countries. Germany would probably benefit if the EU decouples from china.
The vast of majority of China's "cheap" manufacturing has been exported to Africa. The CCP can't keep manufacturing costs low whilst "raising" standards of living. Even with the slave labour they get from ethnic minorities and political prisoners, labour in China isn't as cheap as it was before.
Germany exports high quality cars, and machine tools and motor parts like bearings etc
@@thegreatdane3627so they’re not doing it because they are just super duper nice right?
@@timpaull9340 Germany and the EU are not actually decoupling from china, at least not yet. At the moment it is more about reducing the dependency a little bit, and trying to level the playing field.
Is like watching a comedy 😅
Or a snuff film.
This is a strawman argument. No one ever argued that the German economy could not survive a decoupling from China the issue was and remains that most of Germany's auto industry derives a large part of its profit from China sales. German auto's derive something like 40 percent of their revenue from China and employ over 800,000 people at home. A hit to their revenues from any decoupling would have a significant knock on effect on the rest of the economy which is why any decoupling would not go down easily.
China will be perfectly fine without Germany cars. Actually it can help out the local auto industry...
If Germany continues to trade with China it will no longer have an auto industry
Just in! United Nation add a new country in its list! CONGRATS TO THE NEW REPUBLIC OF TAIWAN!
I'm sure Germany's economy is so strong they can afford to decouple from their biggest customer, 😂
The world’s largest chemical manufacturer BASF moved to China this year from Germany. The reason? It could not afford the energy costs since Germany put sanctions on Russian gas and so they had to buy expensive American gas. Now they are buying Russian gas in China, so what was the point. Germany is a puppet of the Americans and does as it is told to the detriment of its own people. Van der Leyden the leader of the European Union is married to an American, she has 7 children and they all live in America. She has American citizenship and was educated in America. How you put someone like that head of a political organisation like the EU is staggering. She does Americas bidding at every turn and is known to be corrupt
German export trade as of 2022.
United States 9.8%
France 7.4%
Netherlands 6.9%
China 6.7%
Poland 5.8%
See More Countries 63.4%
China is only 6.7% of German export market.
Germany import trade as of 2022.
China 13.0%
Netherlands 7.1%
United States 6.3%
Poland 5.2%
Italy 4.8%
See More Countries 63.5%
German imports 13% from China while exporting only 6.7% back to China. Germany will only lose 6.7% MAX of its market if it chooses to decouple. Those loses are extremely negligible.
So many bots.
China is not a big customer.... China (ex)premier Li Keqiang admitted that, 0.6 billion Chinese earn less than 1000 RMB, and 0.9 billion Chinese earn less than 2000 RMB per month. With such low salary (or disposable income) china can never be a big customer.😀😁😂
@@VVayVVard this is exactly what a bot will say
It's insane to just mention the Netherlands and not the EU. The rest of the EU is Germany's biggest trading partner.
the point is, that many goods travel over the rotterdam harbour.
Decoupling from other places will soften with more thourogh supply chain ethics and the diversity of people's choices
The Netherlands is a middle man, not a market.
The Netherlands, a "transit point" for distribution "China"😆
More important question is "why Germany want to decouple from China " ? need to follow U$A 0rder ?
For People interest or politicians interest ?
Or for U$A politicians interest ?
@@happymelon7129 Why are you so nervous that germany want to decouple from China.
... but why?
this is not addressed in this video.
why would germany be the country that needs to carry the weight of not trading on their backs?
how about Germany trades with everyone as much as they want?
Germany has been carrying the weight of being a monkey when it comes to foresight. They should and need to do this - they're not carrying a weight of anything here.
Because America says so ?
are these the same experts who told us sanctions would destroy the Russia economy. And the EU would be able to obtain cheap oil and gas from other markets. I can't keep up with kids slang does 'expert' now mean 'complete fool'. anymore of these experts and everyone in the EU will be starving.
So Europe froze over and you're a popsicle?
@@ShadowPhoenixMaximusThe point is, the sanctions didn't do anything.
@gfys756 The sanctions weakened Europe and strengthened Russia. The outcome of the sanctions proved to the global south that getting out from under U.S. hegemony will open doors of opportunity and development.
Descendants of colonists can never become leaders of mankind
Descendants of communists can never be honest and smart.
Most ppl have at some point ruled over others
China is still colonising Tibet and East Turkestan.
Imagination versus reality.
You can barely live without Russia 😂
seems to be going just fine...
Yeah the sick man of Europe 😂
@@ashishanand4mechGermany is doing just fine without Russia 🇷🇺 Russia is a failed state anyway.
Yeal, growth next year and “even” with no Russia!!
That’s mastery, yes Germany committed mistakes by over relaying on Russia, but it turned it around in less then a year
Ohhh and did I forget to tell you..
Germany is now the THIRD LARGEST ECONOMY IN THE WORLD!!!!!!! Surpassing Japannnn
Best part is never again with Russia, besides Russia is an Asian country that would find better and faster access to other Asian countries
it only more expensive but its was not impossible other countries have oil and gas reserves,if im not mistaken qatar,usa,nigeria are top supplier to europe now, china personally i think is more tricky to decouple because they own minerals,they have a stronghold in the supply chain and beside the usa they are the biggest market for ´western companies´
Germany can survive without imports and exports. Only DW needs to pay the bills 😊
😂😂😂德国之声就像教堂的牧师，他们除了念经，朗读诗歌什么都不会。德国之声应该大胆去调查谁炸了北汽二号，那是德国工业的血管，可被炸后德国居然没人说话。
Lebensraum will help tho
Survival at what price? What living standard will you expect? Survival from famine?🤣🤣
So, when we have "decoupled" from Russia and China, do we finally decouple from the US, too?
the ride never ends
Nope. The EU is too weak to decouple from the teat of the U.S.
Germany barely has a functioning military. Good luck without US military might when Russia comes knocking.
The idea of decouple from China is to depend more on US. 😂😂
@@gfys756Russia just want to stop the American expansion to the east
They are not interested on Central n Western Euro
After the Second World War the soviet Union built a iron wall
They did not want to have anything to do with the western power
Took years and decades to build trade partnerships
Took immediate to destroy trade partnerships
They are just US' pawn and US don't want German shake hand with Russia or China. But out of their strategy Russia shake hand with China that US feel nervous about their domination of the world
It only took one man. And it all started in 2012. After that year, everything changed.
The Chinese people deserved better. Unfortunately, they didn't get to choose. So they just have to accept whatever happens. Unless, of course, they decide that enough is enough.
是的，为了别国的利益自毁前程是愚蠢的。人类的希望是合作而不是对抗，利用强权不停收割欠发展国家的海盗文化模式归根结底是邪恶的。
@@hellohi3416 China is just not worth Germany to destroy its own future. Germany has better comrades to work with, like Vietnam, India, Thailand, Taiwan, South Korea and Japan. The hope for Germany is to co-orperate with so many countries (like Vietnam, India, Thailand, Taiwan, South Korea and Japan). Germany should not serve as servant to China.
well, thing is, German never know that how small their country is and how much they can do.
Nobody has catched the key point yet, that either decoupling or derisking from China will allow both sides to be much unstable economically from each other. The perspective, from which European is taking consideration in, should not be the commercial object as China but the smart way to get mutual benefits. Frankly speaking, "China" is the most word I have heard in the video and it is full of a sense of adversary without any clue on analysing business sensibility. It is not "China" but the economic structure that deteriorate the profit of world economy!
This report try to______people.
The Netherlands is a middle man, not a market.
The Netherlands, a "transit point" for distribution "China"😆
I think somehow DU is getting funding from Americans.They are showing false pro American narratives for almost a year.First we all thought Putin is a culprit and killing poor Ukrainian people.But day by day it become clear it’s a cult business running by handful of Americans and they are looting their taxpayer money in the name of Ukraine aid.There is nothing about humanity in it.And who is suffering most I think Germany’s economy
If that is even possible. Germany economy should be in booming mode now even before decoupling.
Refusing cheap oil from Russia added with cutting off yourself from the world's number one consumer is the height of madness. And for what exactly? Democracy, Way of Life, or what other nonsense this time?
And meanwhile, decoupling from Russia proved to be a total success and the consequences are total manageable. Just some raises in the electricity and gas bills, and we (whoever live in Europe) managed to handle the situation perfectly. It does impact our daily life, but just a little bit, not much at all
Study says that a person can survive even if he was cut off his hands.
China has always adhered to the diplomatic principle of non-interference. Whether Germany decouples from China or not, China will not force it. Cooperation will benefit both sides, while fighting will hurt both. I am Chinese, and I know that our Chinese society admires German cars very much and pursues German cars as luxury and high-end products. Use German-made industrial products as industrial benchmarks. If Germany is willing to give up a fan customer who uses him as a benchmark, it will be a loss for both parties. But it’s not that Chinese people can’t continue to live without German products. Chinese people can still live. Not only can they live, but they no longer need to pursue expensive products to live, and they can save a lot of money. The cost of life for Germans will increase relatively. There will no longer be cheap daily necessities made in China, and the cost of living will increase.
The Germans should be grateful thanks to China,It is very hard to find cashed up customers on scale who can afford Mercedes,BMw and Volkswagen.....try to sell these cars to India or Africa markets,buyers are very scarce.
That is true, of course. But if the current development in China continues, very soon neither will they.
i am in indian. Annual Mercedez sales in India 3000 , in china 600000 . I laugh when I hear India will replace china . India 20 years from now will certainly be richer than what it is today , but China is in a different league . US is pissing its pants looking at China's R&D initiatives and is creating all this decoupling Drama .
India and Africa are too poor to afford that. But Chinese consumers buy things made in china so the money that comes to Germany is pretty low in amount. And in most cases it just goes to private companies and doesn't make any difference to the economy in major ways
@@atherzaidi5871 That trade will go either way at the snap of a finger if the CCP wants to hardball on trade. Why trade with someone whos unreliable? It doesn't matter what is coming in if you can't predict how long it'll stay that way.
@@ShadowPhoenixMaximus u should be thankfull china is not saying the same thing back, otherwise ur economy would be dead.
Should you decouple from China is a question for five years ago. Its too late to begin now.
Dude did you ever watch the report, LMAO
Germany is still under American occupation
What I don't understand is the meaning of threat from China. Julian literally said China is more dependent on Germany rather than Germany on China. In that sense, China is not a threat. If China is not a threat what is the rationale behind decoupling? The sole purpose of decoupling is to weaken both EU and China in order to keep US as the world leader.
best comment
the harm is that with a lot of stuff being made in China you're dependent on what China does.
like during the pandemic, because China put several cities in full lock downs a lot of trade got disrupted which let to a lot of products not being available all over the world.
Germany and the EU want to make sure that whatever they need on a daily bases is always available, so they need to manufacture those products in a safe and friendly place (ideally in Europe itself)
so they need to move manufacturing out of China and into other places.
also China gets increasingly hostile against other Asian nations and if/when that results in war, the West will side with the attacked party.
this will result in China trying to lass back and one of their ways of doing that is by halting all trade with the West.
so if you prepare for a stop in trade when it happens the hit won't be as hard as it would be without preparing for it.
PS. it's not just China that's becoming a more and more erratic trading partner, Europe should try to become (way) less depended on the US to.
every time the US holds elections it could do a 180 on everything, including relations with Europe. so Europe should prepare to one day be completely independent of the US (in trade, security and every other field)
From that angle, you may be right. However having said that what you are saying is against globalisation. Every country should manufacture goods themselves. Including China not buying goods from Germany? Do you see what sort inflationary effect this would have on the world economy? From my point of view as long as the products imported from other country is not strategically important, meaning something you could do without or less then it is not a threat.@@ChristiaanHW
The Pope has just in his speech declared Israel's attack on GAZA civilians as terrorist attacks. I don't think I have to tell you that who supply arms to these terrorists. More imporantly does Germany has factories produce arms for the terroists? If so they are your threat.
Not a threat now doesn’t mean not a threat in the future.
Lol, you can't even decouple from Russia's gas.
Not disaster, just more stagnation. Like every time Germany does what Washington tells her to do. How many more years of stagnation?
However many necessary since no European country is going to turn its back on its roots and shared European heritage for short-term profits.
More years on stagflation.
How is life without Germany? No more Mercedes, VW, and the lot.
Wunderbar ?
Why don't you guys give it a try, and see where the german economy is going?
Why are you so worried for Germany, you should worry for China's, when there youth are not getting jobs, and work as delivery and dispatch riders.
@@師太滅絕in case you can’t understand the video, it’s about Germany decoupling from China
Dependence should not have been established in the first place
The rest of the world all know German is a servant not a country at all.
5:42 “Taiwan is to be made a part of China? And Taiwan is a democratic [island].” So Taiwan is a island or an independent country? The host is quietly switching concepts here. Shame on you.
😂😂😂 indian going crazy
We lived without China before and we can do it again. The globalization was always a gross mistake.
Problem is when you live without China, your competitors still work with China... I would rather bet on industrial upgrading in Germany than isolation.
you can live in a cave
@@AnnaJHahaWhat competitors? Companies are leaving China in droves thanks to the CCP's xenophobic racist campaign which essentially pushes all of the state's blunders on foreigners. They still talk about and CONSTANTLY remind Chinese people about the "century of humiliation".
The CCP doesn't want to work with people, they want to rule over them.
Yes, human used to live without electricity too. Germany could survive isolating from the world. People could decouple from the society too. 😅
You can always hypothesize decoupling and be positive about the situations, but by decoupling from China, who else will pick up the slack in trade and economy?
Vietnam, India, there are many...
Vietnam is small.. and India? India?
Vietnam has millions ton bauxite deposit but unable to process@@3cosmo
India and Southeast Asia have a total 2.2 billion population
@@Liboch India is bigger than China and the people are well educated, China is too political with Xi fluffing, not conducive for business anymore
The foremost question this interview should cover should be "in what sense China is not friendly to Germany?"
They supported Russia's war effort and Putin Is pretty open about wanting to invade Europe
China is at war with us! Does this answer your question?
Lol no way you come from an e.u country, even those who dont follow the news closely knows about the 'police stations' for example.
1. Forced technology transfer to enter the Chinese market.
2. Forced partnership with Chinese companies to facilitate that transfer.
3. State actors limiting market access to China in markets where tech transfer is not available.
4. Mercantile practices, whereby China subsidizes and floods markets with exports.
5. Gradual de-industrialization of Germany, which has been a huge factor for German Middle class development.
6. Opportunities for Germany and Europe to develop indigenous hard tech industries.
7. Greater risk of industrial and tech espionage.
Bcs their daddy in washington ordered them to.
Can Europe live without China and Russia? Of course, yes, BUT you must forget about high quality life. The life will be worse
Wow ,so the quality of life was invented by Russia and China?
But Russia and China cannot live without Europe and US.
Maybe Europe is tired of that kind of high quality life that is based on exploitation. Societies change.
DW asking the real questions. And try to give a de ent answer. 😊
long OVERDUE
More important question is "why Germany want to decouple from China " ? need to follow U$A 0rder ?
For People interest or politicians interest ?
Or for U$A politicians interest ?
German's present leaders are American's lackey that always acting as american's lapdogs
@@happymelon7129 Nobody wants to trade with an aggressive foreign dictatorship. They've seen the threats ping has been dishing out to others and would prefer to trade with friendly countries.
@@happymelon7129No, it’s that China is increasingly hostile to foreign businesses including arrest and constantly stealing tech.
Why they hate china so much
I would like to ask same question
It's not easy for Germany leaders. They are aware of that. Being someone else's servant in your own country knowing that you are destroying your own people is not something a man wants to be when he grows up. May God help them and Germany.
Those German leaders should man themselves up.
They have all been compromised by the CIA unfortunately. None of them represent Germany .
Decoupling from China will be highly inflationary.
What did China do to Germany?
Same question I keep asking
They got orders from Washington, you know they are occupied territory of US since 1945.
@@liang8255Germany is not occupied by us Americans Germany is only occupied by the German people Germany governs themselves.
A lot of American and European companies are leaving China… China is to expensive and to risky to run operations in the country no one want to do business with China anymore the same thing goes for Russia as well no one wants to do business with them either.
They bought hundreds of billions of machinery, robotics, chemicals and German luxury cars. The bastards.
Pumping money into Russo - Ukraine war. China wants to be a adversary
Wish DW defined their interpretation of "Decoupling." Sure, the trade between the two export giants will continue; however, the Germany's investments in China will greatly diminish in the near future. Germany will be just fine.
Ok, sure. I'd like to see all German companies leave China, and all trade cease.
Your wish granted, DW.
Why would Germany be thinking about doing this now? How is this advantageous to either side, now?
A few years ago, Australia decoupled agricultural exports with China for the first time, but our Dear G7 friends Canada and the United States seized all the Chinese markets given up by Australia within a month!
If they don't decouple, EU car market gets wiped out by Chinese EVs.
If they decouple, EU car export to China gets wiped out by kicking themselves out.
Lose lose and choose one.
Or start importing Chinese technologies to make better products like BMW, VW and Tesla have done with CATL.
There is nothing deemed a must. Germany can isolate itself from the rest of the world just fine. However the notion of trading block is worrisome because of geopolitic.
Cutting from China doesn't mean "isolate itself from the rest of the world". If the need of cheap stuff is so great, other countries will step in - Asia, South America, Eastern Europe - many offer cheaper labour.
Germans are simply afraid of change. Additionally, of course, folks want to buy cheap stuff. But it's not China, who has "selling power" over Germany. It's the other way around - Germany has the "buying power", as they have the $$$.
Does he believe that China would nationalize German companies within its borders and freeze their funds?
That is exactly what Germany can NOT do. Germany is an industrial powerhouse with decent agriculture and service sectors. But Germany has almost no valuable resources of its own and is dependent on imports that are then refined in Germany into industrial products and exported again at a profit. An isolated Germany would first lose needed resources, and then crash its economy because they wouldn't have anybody to sell to. This is also the reason why Germany is much more interested in diplomatic solutions than for example the US. Which is not a bad thing, unless you believe unilaterally thinking armchair strategists which claim that mutual dependency is a bad thing.
It is just business, it is much more cheaper elsewhere.
@@tucoramirez9557 don't be a fool. Those countries are integrated through various organizations like BRICS. They will not compete under the pressure.
Was decoupling, then derisking and now, decoupling again. Make up your mind.
Why to do so? Who benefits? Is China so evil or is it because China is independent minded of the West? What has China done to deserve such considerations?
It is because Germany is a client state of the US. Can you tell me what the reaction made by the Germans after the US bombed the Nordstream gas pipeline? None. There aren’t any.
Historically China has been there for quite a while. DW is hoping for a life without China.
What is the ultimate agenda for DW? First Russia and now China? then BRICS?
Are those the same studies that said the german economy will survive without russian gas?
This is basically the angry ex-gf tiktok video saying how strong she is after leaving giga chad. and Giga Chad is like wahtever.
They don't even bother to make an excuse this time.
Anything that can be in Chinq can be made anywhere else it would just cost 10 times more
Chinese labor is also getting quite expensive
But those things can also be made in cheaper countries than China.
And labour is becoming less of a factor due to automation
it's cheaper to build nowadays factories in east Europe than in china, German companies move nowadays to east Europe. No Big shipping costs, and building a strong neighborhood is in the long run more sustainable for Europe as a whole
@@blacky4947 Where will the raw materials come from?
@@justin-kv1jh Portugal and Sweden. They have the largest rare earth minerals in Europe. They discovered it 4 months ago.
The most important trading partner of Germany is the Netherlands. Bear in mind that the Netherlands just has a population of 18 million people.
Not as what you might think. The Netherlands has become the logistics hub in the EU after the UK Brexit. Germany's trade with Netherlands means the latter is only being used as "transit point" for distribution to other countries in the EU.
Germany imports 2x from China as they do from the Netherlands. Also, most of what the Netherlands exports to other EU countries it buys abroad... it's just a big logistics warehouse. I wonder how much goes to Germany indirectly from China, through the Netherlands.
Christ some people are dim. The Netherlands is a middle man, not a market.🙄
@@alma09876 "transit point" for distribution "China"😆
More important question is "why Germany want to decouple from China " ? need to follow U$A 0rder ?
For People interest or politicians interest ?
Or for U$A politicians interest ?
Be careful what you wish for...
The German economy is already in recession. Everything else is just speculative journalism.
It actually fits the description of a depression, a recession means there will be a recovery which isnt happening.
remember decoupling is not the same thing as brexit.....one simply just means leaving the union but u are not necessary ending all trade or economic activities with the aforementioned partners, but decoupling means a complete removal and ceasing of all economic activity or function.....
UK already regretted the brexit hugely.......i cant imagine what its like to decouple and say goodbye to 20,25% of ur economy.
work together = reduce inflation = win win. ideology is not so important
China "Now, It is our turn, you should buy our superior BEVs."
Germany "We are thinking about decoupling now."
China ""
How can this be that a country like Germany 🇩🇪 is slowly and willingly becoming Japan 2.0, It's incredible to see how Germany is slowly destroying it's trade relations by believing people who have been failing for over two decades now, We'll it might also be a good thing since countries such as india 🇮🇳, Indonesia 🇮🇩 etc are waiting on the sidelines to take it's place on the global economic space.
Just like Japan, Germany has to obey a certain powerful country from oversees. There is no choice.
Decoupling would harm both countries, but Europe more, cause China is diversifying greatly, Africa, Russia, Iran and Latin Americans.
The USA has launched trade wars against China and then the EU. The final result is that Germany chooses to decouple from China. 😂What is the logic behind this? Is Germany a vassal state of the USA?😂
No, but you are paid by CCP for Sure.
It already is
Talk, talk talk, talking for year after year and still undecided. Really no sense of shame
Oh, it is! Sycophantic, in fact.
Thesame study that told you sanctioning Russia won't hit Europe back. Well try decoupling this time will definitely be different
DW's anti China narrative is becoming so idiotic and laughable that its little credibility is down the drain. Give it a rest.