As China’s economic growth has slowed down Europe’s business with the Asian country no longer booms as usual – with consequences for Europe’s leading export country Germany.
The Riele company tensely watches the Chinese market.
The German government has ratcheted up the pressure on the European Union to tighten the rules on foreign corporate takeovers. Berlin fears Chinese transactions are giving Beijing too much access to key technologies.
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 top US trade negotiator has described China's industrial policies as a "very serious problem." US President Donald Trump has accused China of cheating the US economy out of "hundreds of billions of dollars."
© 2017 Deutsche Welle |
Legal notice |
| Mobile version