German Economy is Down & Expect to Contract Again (Part 7)!

Shares in Mercedes-Benz fell by more than 7% recently after the German carmaker lowered its full-year profit outlook due to a “further deterioration” of Chinese demand. In this video, Carl & I discuss how the Stuttgart-based group stated that it now expected its return on sales to be in the range of 7.5% to 8.5%, down from previous guidance of between 10% and 11%. Stay tuned to understand how this development could reshape the future of international relations and energy markets.

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Carl's Bio:
Carl Zha is a Chinese American, Twitter user & influencer. He is the host of the Silk and Steel podcast (https://www.youtube.com/@CarlZha), which focuses on China, history, culture, and politics. Zha was born in China a month after Mao Zedong’s death and left for the U.S when he was 13. He is based in Bali, Indonesia!