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 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."
Intellectual property (IP) is back in focus after US President Trump asked his trade office to look into the issue of China allegedly stealing American technology and IP, and eroding US firms' competitive edge.
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.
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.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version