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A China shock is threatening to upend manufacturing in Germany. The original China shock describes the economic hardships experienced by manufacturing workers in the United States following China’s rapid integration into the global economy. While U.S. consumers benefited from cheap Chinese imports, the domestic manufacturing sector suffered major losses. The China shock created waves that continue to impact regional economies and even national politics.
In the years since, China’s economy has slowed as structural factors like decades of malinvestment in the real estate sector together with a rapidly aging population are now weighing on growth. As the country’s growth rate