For a long time, the German economy has relied on cheap Russian energy and the Chinese market. However, with the dramatic changes in geopolitics, Germany’s model is greatly threatened. The Russia-Ukraine war and rising energy costs have made choosing between economic well-being and moral or political conscience more difficult for German chancellor Olaf Scholz and German companies. Are they going to China for cheaper energy?
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References:
https://www.bloomberg.com/news/articles/2022-10-25/russia-ships-record-volumes-of-gas-and-steelmaking-coal-to-china#xj4y7vzkg
https://oilprice.com/Latest-Energy-News/World-News/China-Boosts-Oil-Imports-From-Russia-And-Saudi-Arabia.html
https://www.fiercepharma.com/pharma/ceos-biontech-bayer-merck-kgaa-join-german-chancellor-scholz-high-profile-china-visit
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