Chinese competition is getting tougher

The German industry is taking increasingly heavy blows from Chinese competition. Since 2000, the EU has been importing more and more goods from China. German products, on the other hand, are selling somewhat less well in comparison, as the economic research institute, IW Cologne has shown in a study. In EU countries, the share of imports from Germany at the beginning of the century still ranged at 14 percent, while products from China accounted for only 2.7 percent. By 2019, however, China’s share had increased to 7.6 percent, while the German share had dropped to 13.8 percent in the same period. fin