China Cultivates Taste for German Cars
Posted by | Posted in Business News | Posted on 17-08-2010
Germany’s resurgent export economy is presenting the country’s policy makers with a new worry—a growing reliance on China.
Germany’s economy expanded at an annualized 9% rate in the second quarter, its strongest pace in more than 25 years.
Driving that growth was demand for German exports, especially from China. Now, however, with China expected to tap the brakes on its double-digit growth in coming months, many economists say the cooldown will have an outsize effect on Germany.
“I see the [Chinese growth] with a lot of mixed feelings,” said Ralph Wiechers, chief economist at the VDMA German engineering federation. “On …
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