TU-TESL

• 22

German auto Weekly reported on November 7 that G ü nther Oettinger, the EU budget Commissioner, sounded an alarm to the German auto industry and the German economy, warning that Germany's position in the auto industry will be replaced by China. The idea comes from a professional speech by European Commission budget Commissioner Eugene Oettinger at the summit of German auto weekly, saying that China is Germany's biggest competitor. He said that China plans to become the world's economic and technological leader in 2049, "the Chinese are ambitious, get up earlier, take a shower faster and cooler.". He said the German auto industry is gradually losing its leading position. The German auto industry is not ready to deal with the EU's carbon dioxide reduction. "The EU's CO2 reduction target is just one year old, but I'm worried that the EU will further revise it," he said.