German economy became more dependent on China in first half of 2022: Research


Source: thedailystar.net thedailystar.net

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German economy became more dependent on China in first half of 2022: Research The German economy became more dependent on China in the first half of 2022, with direct investment and its trade deficit reaching new heights, despite political pressure on Berlin to pivot away from Beijing, according to research seen by Reuters. At the same time, growth in German exports to China weakened significantly, the German Economic Institute (IW) said in its study, citing economists pointing to a trend towards more local production in the Chinese market. "The German economy is much more dependent on China than the other...