Germany accuses Beijing of manipulating the yuan, and the fight exposes a contradiction in China currency goals. Beijing wants the world to trade in yuan and save in yuan at the same time, but a weak currency helps exports while destroying the trust that savings require. China is winning one race and clearly losing the other.
Germany's auto lobby admits it cannot keep all factories open and proposes selling them to foreign buyers. That means China. Green mandates, expensive energy, and Brussels' failed tariff policy created the German auto crisis. Europe's industrial sovereignty is at stake, and the buyers are already inside the gates.
Depending on China for 70% of strategic technologies isn't trade — it's surrender. Brussels finally acted with its Industrial Accelerator Act, demanding EU-origin manufacturing for EVs, batteries, and solar in public contracts. Industrial sovereignty has a price, but dependency costs more. What took Europe so long?
