Emanuel Boeminghaus wrote, citing the Handelsblatt, that the economic downturn in China is likely to be reflected in the balance sheets of German car manufacturers. China could evolve from a former source of income to a significant financial burden for the companies. The manufacturers may have to transfer large sums to continue, close, or maintain their operations locally. Boeminghaus also quoted a senior manager of a German automaker, who described the past few months as extremely difficult and said it was unclear when the downturn would end. https://t.co/o7J2r2rDeC #China #Autoindustrie #Wirtschaft (translated)


