Time to yank the dragon's tail?

This newsletter is a 7-minute read

We don’t need to tell you that China is a pretty big deal these days. The People’s Republic’s economy has grown fourteen-fold since the turn of the century; it took over the US as the world’s major trader years ago. China is now a superpower.

But for Germany, China is above all a place to make money. Lots of money. Anyone who has visited Beijing in recen…