The global economic crisis also hit China and international demand for its products is falling. Beijing is responding with wide reaching economic reforms.
Business confidence in German boardrooms has decreased marginally, the latest monthly index by the ifo research institute reveals. Despite the ongoing US-China trade spat, executives expect the drop to be short-lived.
China's economy has revealed fresh signs of softness as the pace of investment has slowed to a record low. Stable figures for retail spending and production have done little to dispel fears of a cooling in the economy.
Who benefits the most from increasing globalization? It's people in industrialized countries, says Germany's Bertelsmann Foundation in a new survey. Nonetheless, globalization "is not a zero-sum game."
Despite the threat of a trade war with the US, China's economic growth has exceeded expectations, allowing an opportunity to address certain problems, says DW's Frank Sieren.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version