Aemilianusjust now
You have to analyze the whole economic picture vs. cherry-picked stats. It’s estimated major German OEMs generated 40%+ profit from China (usually not disclosed in financials). How much of that is from their factories within China vs. cars exported from Germany? You can do some anecdotal work by looking at the unit output from BMW/VW/Daimler’s US plants vs. their China plants. This is like citing the massive China trade surplus on things like iPhone exports to the US, but without looking at the details that China/Chinese labors take like $5-20 out of the $1,000/phone. Making conclusions based on superficial and incomplete data won’t get you to the right conclusion