News Snapshot:
Reuters China is losing importance as a market for German exporters, with data showing a steady decline in its share of total exports, a trend set to continue as Berlin and Beijing rethink their economic ties. Despite hopes of a trade boost after Beijing lifted pandemic restrictions, exports to China made up just 6.2% of total German exports in the first half of the year - the lowest share since 2016 - according to data from the German statistics office to which Reuters had access on Friday. After peaking at 7.9% in 2020, the share of Germany's exports going to...