10min chapter

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Why did China cut its benchmark lending rates again?

World Today

CHAPTER

Navigating Competition in the Auto Industry

This chapter explores Chancellor Olaf Scholz's perspective on fierce competition from Chinese automakers and reassures that German manufacturers need not fear this challenge. It discusses the automotive industry's resilience, the impact of tariffs on trade with China, and Germany's push towards sustainable practices in car production. The chapter also highlights the importance of collaborative trade relations amidst geopolitical tensions, aiming for a more cohesive approach to manufacturing in Europe.

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