Germany closing factories at home, opening them in China

"Asia Times examines here the key factors and the companies that are
reshaping their operations abroad.
High energy costs in Germany: The result of ideological policies
Germany’s energy policies have driven industrial electricity prices to
levels that are among the highest in the world, second only to the UK.
..
Industrial energy consumption down by more than 16% in 2 years
..
Energy supply in Germany: Increased import dependence
..
Massive subsidies for renewables...
This centrally planned system, in which the government steps in to pay
renewable energy producers when wholesale prices fall, has placed a
heavy burden on the state budget, leaving less financial room for other
critical investments.
..
The role of lost Russian gas and the Nord Stream pipelines in Germany’s
industrial decline
The cessation of Russian gas imports has had a profound impact on
Germany’s energy landscape, disrupting its industrial base and driving
up energy costs.
..
Falling domestic investment in Germany
Rising energy costs and regulatory challenges have led to a significant
decline in domestic investment. Private gross fixed capital formation is
about 10% below pre-covid levels.
..
Germany’s biggest companies cutting jobs in Germany and investing in
China
..
Soaring German investment in China: Record levels
Despite calls from German policymakers and the EU to reduce dependence
on China, German companies continue to set record levels of investment
in the country. German investment in China has reached unprecedented
levels in recent years, driven mainly by the automotive and chemicals
sectors.
..
Expansion of EU greenfield investment led by Germany
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Localizing supply chains and mitigating geopolitical risks...
German companies are responding by increasing direct production in
China, which offers both cost advantages and reduced exposure to global
supply chain disruptions.
..
Reducing German exports to China through local production
..
China’s unique advantages for German companies..."