Domestic fallout and industry divides

Germany is bracing for the impact of a massive ‘China shock’ as trade imbalances and supply-chain risks threaten its economy. On his first Beijing visit as chancellor, Friedrich Merz urges China to act — but does he have leverage? And how firm is his derisking push, given resistance from German business? Richard Walker breaks it down with Michaela Küfner and Thorsten Benner (GPPi).