Germany’s China problem – and why de-risking hasn’t worked

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Dan Wang of Eurasia Group discusses the paradox of Europe’s current trade strategy, noting that Germany’s efforts to “de-risk” over the past years have actually deepened its reliance on China’s supply chain. She highlights the growing tension for German corporate giants like Volkswagen and BASF, who are expanding their manufacturing footprint in China to tap into third-country markets even as they face mounting political pressure and layoffs at home.