Germany announced a investment plan of over 630 billion euros to boost the economy.

On July 21st local time, the German government and representatives from the business sector jointly announced a large-scale investment initiative, committing to invest 631 billion euros in Germany by 2028 to boost the economy and enhance competitiveness. The initiative, called "Made in Germany," currently has 61 companies and investment firms participating. The initiative includes previously announced investment projects and over 100 billion euros in additional investments. According to the plan, these investments will be used in the next three years for building new factories, research and development, and infrastructure construction. However, this initiative has also sparked some questioning from politicians and academics. Some believe that to achieve economic rejuvenation, the key lies in the government addressing the long-standing structural reform backlog issue.