Ahead of the annual spring meeting of the International Monetary Fund (IMF) and World Bank in Washigton, the funds chief Christine Lagarde criitizised Germany's repeated trade surplus as counterproductive to balanced economic development.
Chinese exports and imports picked up steam last year, fresh figures from the customs administration have shown. Shipments to the US rose considerably, increasing Beijing's controversial trade surplus.
German exports recorded a surprise fall in October for the second straight month while imports grew, narrowing the massive trade surplus of Europe’s biggest economy. But the decline is unlikely to silence critics.
The German economy expanded by over 2 percent in 2017, beating results for the previous year despite fewer working days. The statistics office said growth was boosted by high employment and larger investments.
Fresh data is showing that rebounding exports and rising business investments were the main drivers of growth in Europe's largest economy over the summer, confirming Germany's robust expansion.
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