This is not limited to Germany. China, for example, is far ahead in this regard. Many producers have gone bankrupt in recent years or halted productions, the domestic oversupply is hurting the Chinese industry (with even Chinese managers warning literally of a ‘bloodbath’ in the industry).
China plays a role here, too. They need foreign markets to get rid of their structured overcapacity due to a hopelessly nationalist economic policy we have likely not seen since the 18th century’s European mercantilism.
This is not limited to Germany. China, for example, is far ahead in this regard. Many producers have gone bankrupt in recent years or halted productions, the domestic oversupply is hurting the Chinese industry (with even Chinese managers warning literally of a ‘bloodbath’ in the industry).
China plays a role here, too. They need foreign markets to get rid of their structured overcapacity due to a hopelessly nationalist economic policy we have likely not seen since the 18th century’s European mercantilism.