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What's driving China's global dominance in autos

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"China shock" strains European industries

A line chart that tracks monthly employment in motor vehicles, trailers and semi-trailers from January 2005 to May 2026. Employment fell from 754,016 in January 2005 to a low of 697,381 in May 2026. It peaked at 841,872 in July 2018, then generally declined after 2019.

Germany auto manufacturing employment

Data: German Federal Statistical Office (Destatis); Note: 2026 data is provisional. Includes motor vehicle assembly, auto parts, trailers and semi-trailers; Chart: Courtenay Brown/Axios

The U.S. might miss its foreign Treasury buyers

A line chart that tracks the monthly share of U.S. Treasury securities held by foreign official entities from December 2000 to June 2026. The share rose from 20.53% to a peak of 40.69% in June 2008, then declined steadily to a low of 12.15% in June 2026.

Share of U.S. Treasuries held by foreign official entities

Data: FactSet, U.S. Treasury Department; Chart: Matt Phillips/Axios

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