section_path: Causes/Global shifts
section_name: Global shifts
paragraph_text: Global shifts
  
  The United States was increasingly seen as a competitor for climate investments, while China, once a major buyer of German goods, had become a significant rival, especially in advanced manufacturing. The slowdown of the Chinese economy further decreased demand for German exports. In addition, supply chain disruptions caused by geopolitical events such as Houthi attacks on maritime shipments amid the Red Sea crisis impacted the German industrial sector.