Hinrich Foundation：2025年德国在与中国进行战略调整时的困境报告（英文版）

Germany’s economic relationship with China — long a pillar of its export-driven growth — has reached an inflection point. Once marked by mutual benefit and industrial complementarity, ties are now strained by growing asymmetries, intensified competition, and geopolitical pressures. German companies and policymakers alike are being forced to reassess longstanding assumptions as economic engagement faces unprecedented political and structural headwinds. At the heart of Germany’s China dilemma i