Guest commentary: China's economic success comes at a high price
Beijing's industrial policy is leading to success in key technologies. However, the China experts Max Zenglein and Robin Schindowski believe that only one aspect of it could serve as a model for Germany.
Germany's traditional industries, including automotive, mechanical engineering, and chemicals, are under pressure from China's dominance. This has shaken Germany's self-image as a leading industrial nation, with some DAX executives now seeing China as a model for industrial renewal. Volkswagen CEO Oliver Blume has praised China's five-year plans as "optimally structured".
China has pursued an industrial policy for decades to build a strong manufacturing ecosystem, aiming to commercialize key technologies like AI, 6G, and green technologies. This approach has created economies of scale and prevented the decline of traditional industries.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
