德国央行行长挑唆：别天真，得给中国划红线

Group 1 - The President of the German Central Bank, Joachim Nagel, emphasizes the need for Europe to better protect its key industries from competition with China, suggesting the establishment of "red lines" regarding Chinese influence [1][3] - Nagel acknowledges the dual nature of China's economic power, recognizing it as an attractive market for many companies while also posing significant competitive pressure, particularly on the German automotive industry [1][3] - The German government has announced a €3 billion electric vehicle subsidy plan, which does not exclude Chinese manufacturers, contrasting with other European countries that have implemented stricter standards to limit Chinese electric vehicles [3][4] Group 2 - Despite the increasing market share of Chinese car manufacturers in Germany, their overall presence remains low, with BYD projected to sell approximately 23,000 units in 2025, representing less than 1% of the total German automotive market [6] - The end of Germany's electric vehicle subsidy program in 2023 has led to a significant decline in new registrations, with a projected drop of over 27% to 380,000 units in 2024 [6] - Recent negotiations between China and the EU regarding electric vehicle trade have shown positive progress, indicating a potential easing of trade tensions, with Chinese brands expected to capture a record 12.8% of the European electric vehicle market by November 2025 [7][8]