German companies under pressure to adapt as China challenges them at their own game
The heart of the German economy is making and exporting the big-ticket, complex goods that make global business run: everything from cars and locomotives to factory machinery, aircraft and construction equipment.
TL;DR
- Germany's economy heavily relies on manufacturing and exporting complex, high-value goods.
- Key exports include cars, locomotives, factory machinery, aircraft, and construction equipment.
- China is increasingly challenging German companies in these industrial sectors.