The world's second-largest economy is sputtering. In 2015 it grew by only 6.9 percent. Beijing says that slower growth is acceptable as long as enough new jobs are created. But Chinese workers are feeling the impact of the slowdown.
In the second quarter of 2017, the German economy grew slightly less than expected by economists as slowing trade dampened an overall expansion which was driven by strong household spending and rising state expenditure.
The economies of the 19 countries sharing the euro currency expanded by more than previously forecast, as a slew of positive data suggest that the recovery in the bloc is well on track.
Two of the world's biggest trading nations saw both exports and imports cooling lately. While Chinese trade growth in July slowed significantly compared with June, German exporters even suffered a surprise decline.
The word's third-largest economy has grown by a much stronger rate than expected by analysts, fresh figures from the government have shown. The expansion came on the back of stronger domestic demand.
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