Reuters reported on the 15th that in the EU market, Chinese manufacturers are increasingly attacking German manufacturers, especially in the field of advanced industrial products where Germany is in a leading position, the German “Handelsblatt” described the discovery as “particularly explosive“.

According to reports, a report released by the German Institute for Economic Research (IW) on the 15th pointed out that between 2020 and 2022 alone, the share of “made in China” in many EU imports will grow by as much as the entire previous decade from 2000 to 2010, and in some cases even more. According to Reuters, this is particularly evident in precision industrial products, which is Germany’s “strength” so far.

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The report also caught the attention of German media. German newspaper Handelsblatt wrote on the 15th: “What is particularly explosive is that we are not talking about products that are easy to produce, such as textiles or protective masks, but more complex goods.” IW’s analysis shows that, particularly in high-value industrial goods such as machinery or automobiles, Chinese companies have increased their share of EU countries’ imports, while the share of German companies has shrunk.”

In 2000, 2.5 percent of the EU’s imports in these areas came from China, while by 2022, the proportion had reached 13 percent, the report said. At the same time, the share of “Made in Germany” fell from 17.7 percent to 15.5 percent, and “in many ways, the growth of China’s share and the decline of Germany’s share tend to go hand in hand.”

Specifically, in mechanical engineering products, Chinese companies’ share of EU imports remained at 6.8 per cent in 2010, compared with 11.4 per cent last year. Over the same period, the share of German machinery manufacturers in EU imports fell from 22.6 per cent to 20.5 per cent. According to the report’s conclusions, a similar trend is evident in chemical products.