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Happy German Unity Day
(lemmy.world)
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this post was submitted on 03 Oct 2023
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And the German GDP per capita is still above that of the UK ever since the Brexit vote. That is besides Germany being much more connect with Russia in terms of trade, which was undoubtly a massive misstake and caused a massive energy crisis hurting Covid recovery.
So far... the China fallout hasn't even started yet
Hard to say who is in a worse position, if that happens. For Germany it would be less exports to China and problems for the German car makers, which might cause problems.
For the UK it would be the close financial ties and all the money China has invested into the UK. That has been twice as much as for Germany and via Hong Kong the ties are much closer in that sector. The ties are insanly close, to the point that China owns part of the new Hinkley point nuclear plant and the electricity grid of London is owned by a Hong Kong based companies for example. Anyway we clearly do not know, if this is really a problem or just a smart way of taking some money from the Chinese.
Basicly it boils down to how and what happens in and with China. In case of an invasion of Taiwan everybody is going to suffer, thats for sure. If it is just a financial crisis, it is hard to say who ends up with the bad deals. Last time we saw some intressting stuff for sure.
Misery loves company! ๐
Yes, and the UK is awash with Russian money as well. An awful lot of both Chinese and Russian is in property.
Europe narrowly avoided a terrible media deal that the commission tried to push through, it would have meant allowing Chinese ownership of EU media companies
https://www.politico.eu/article/eu-trade-deal-china-media-war-industry-soft-power/
It's a tricky balance to be engaged with an adversary.