China's imports rose more than exports in the month of August. While the country continues to post a huge trade surplus, there are signs the balance could be shifting slightly.
German monthly exports have seen their biggest drop in about two and a half years, fresh figures from the statistics office have revealed. The decrease came as a surprise to many experts who had penciled in an uptick.
China's export growth unexpectedly fell last month, the first drop since February 2017. That's unlikely to ease trade tensions as the country's widening surplus with the US is likely to further infuriate Donald Trump.
In the trade war with the US, Chinese President Xi Jinping has promised to open markets further. President Donald Trump seems willing to show some leeway, says DW’s Frank Sieren.
The global emergency lender sees the world economy on a robust growth path in the coming two years. However, that outlook faces a severe risk if trade tensions between the US and China escalate in the month ahead.
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