China on Monday said it was eager to continue working with the federal government of Germany to consolidate and develop bilateral ties following Friedrich Merz's win in Sunday's Bundestag election. "Given the significant global influence of Germany and the European Union,
Germany has the world's third-largest economy, but is struggling to kickstart growth. It's one of the issues facing voters in Sunday's elections.
Following rare back-to-back economic contractions in 2023 and 2024, German businesses are hopeful that a new government formed by the conservative CDU/CSU party and the center-left Social Democrats can revive Europe's largest economy in 2025.
Asian shares slid on Tuesday amid concerns about U.S. investment curbs on China, while a run-up in the euro faded as investors wait for Germany to sort out the formation of its new government. Investors are also cautious ahead of results from artificial intelligence darling Nvidia on Wednesday,
Asian shares slid on Tuesday amid worries about U.S. investment curbs on China, while a run-up in the euro faded as investors wait for Germany to sort out the formation of its new government with no major surprises.
The United States was Germany’s biggest single trading partner last year for the first time since 2015, displacing China from the top spot as exports to the Asian power declined.
China is willing to deepen comprehensive cooperation with Germany to advance bilateral relations in a positive direction, safeguard global peace and stability, and provide greater certainty to an increasingly turbulent world, he added.
Friedrich Merz looks poised to form a coalition between his center-right alliance and the center-left Social Democrats, but Germany is facing political uncertainty with an emboldened far right. The
Here are five reasons for Germany's ongoing economic slump: Moscow's decision to cut off natural gas supplies to Germany in the wake of Russia's invasion of Ukraine dealt a severe blow. For years, Germany’s business model was based on cheap energy fueling production of industrial goods for export.
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