Germany has a problem. BASF is downsizing there and doubling down in China...is this a canary in the coal mine?

BASF is downsizing in Germany and doubling down on China. Not what the German government has in mind when it talks about diversification. CEO Brudermüller reiterates complaint about high energy prices and overregulation in Europe.https://t.co/V5zkzY5H3T

— Noah Barkin (@noahbarkin) February 24, 2023