The move here looks to be an attempt by China to build influence in Germany's auto industry. The latter is often seen as a prized and prestigious landscape in the world of automakers. But make no mistake, there will be political challenges to this.
As such, allowing China to come in will pave the way especially for Chinese EV makers to avoid EU tariffs and pose a further threat to domestic manufacturers in Europe.
With Germany facing political troubles, any new government voted in will certainly have a tricky decision to navigate already here.
This article was written by Justin Low at www.forexlive.com. Read More Details
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