China slowdown threatens German exports

The development of Chinese economy in the face of the recession in the EU and the decline in growth of the United States is of great importance – for the world economy and especially for Germany. But the latest data...

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The development of Chinese economy in the face of the recession in the EU and the decline in growth of the United States is of great importance – for the world economy and especially for Germany. But the latest data show the customs administration of the country that the Chinese economy continues to cool. Exports rose by 11.3 percent while in June compared to last year, but in May they were recorded with a much larger 15.3 percent growth. A similar picture was seen in the Chinese imports. They laid in June, only 6.3 percent over the previous year, in May was still an increase of 12.7 percent was achieved.

Although imports and exports are still growing, but slowing growth, but significantly. Due to the sharp fall in imports doubled then the foreign trade surplus with the month of May to 31.7 billion dollars. The decline in China’s growth is likely to feel particularly the German export economy. After the drop in demand from the EU, was mainly supported the Chinese demand for German exports. Automobile and machine manufacturers benefited from the Chinese market.

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