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Economy

Germany's trade deficit with China grows as reliance shifts

Germany's trade deficit with China grew as Beijing relied less on European industry, according to an Investing.com report. Coverage tied the widening gap to China building its own industrial capacity and buying less from Europe; the reports set out the trend without detailing the specific sectors most affected by the shift in trade flows.

Why it matters

A widening deficit signals China's move up the value chain, squeezing European industry that once supplied its factories.

Sources

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