As one of the cornerstones of German industry, the automotive industry is dragging down German industry and causing Germany's economy to lose 20 years!
Data from the German investigation agency shows that in August, German industrial output fell by 4.3% month-on-month. Among them, the decline in the value of the automotive industry reached as high as 18.5%, ranking first in the decline. These two declines shocked European economists, far exceeding expectations.
The explosion of the Nord Stream gas pipeline in the Ukraine war has made energy-intensive industries in Germany, including automobiles, chemicals, and steel manufacturing, no longer have access to cheap energy, directly weakening the international competitiveness of German industry. The "Green Party" in Germany is in power, closing nuclear and coal power plants, is Germany going to use love to generate electricity?
China is an important country for German car exports. After the rise of China's new energy vehicle industry, export volume sharply declined. Machinery and machine tool exports were also surpassed by China. The former largest customer became the biggest competitor. Faced with China's strong competitiveness, Germany has no ability to respond.
Germany is exhausted by innovation, and the development of electric vehicles and intelligentization is slow. It is sleeping on its past achievements, unwilling to take a step forward, hoping to rely on engines and transmissions to eat "long-term grain", and eventually being eliminated by history.
When Merkel was ambitious, she launched the German Industry 4.0 plan, which today has become "0.4" for German industry. Enjoying the glory of ancestors, enjoying the protection of the United States, the cheap resources of Russia, and the cheap products of China, it is sitting with legs crossed and acting like a lord.
At the same time almost when the German Industry 4.0 plan was launched, China launched the China Industry 2025 plan, which today has exceeded KPIs!
Original article: www.toutiao.com/article/1845558012111872/
Statement: This article represents the personal views of the author.