China rising to become Germany’s top export destination

A new study

A new study by the German Economic Institute (IW) showed that Germany’s export markets continued to deteriorate as the Covid-19 crisis severely impacted global trade.

At the same time, “the Chinese economy is already looking ahead with cautious optimism,” said Galina Kolev, senior economist and head of the research group Macroeconomic Analyses and Business Cycles at IW.

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