Germany & HSBC

Germany: Germany's economy has been particularly hard hit by Chinese exports, with its companies struggling to compete in key sectors. The country's traditional stance of free trade with China is shifting due to economic stagnation and increased competition.

HSBC: HSBC, through its economist Taylor Wang, warned that a China-EU trade dispute could threaten Chinese exports, particularly in electric vehicles, solar panels, and lithium-ion batteries, highlighting the potential economic consequences.

Germany: Germany's manufacturing sector has stalled due to the economic shock from the Iran war, contributing to broader European economic challenges.

HSBC: HSBC predicted that the State Bank of India's measures may limit currency damage but still expects a significant balance of payments deficit for India.