China's foreign trade breaks due to Coronavirus - with significant consequences for Germany

Therefore, China's exports in January and February following a sharp fall compared to the first two months of the year-on-year by 17.2 per cent to a value equi

China's foreign trade breaks due to Coronavirus - with significant consequences for Germany

Therefore, China's exports in January and February following a sharp fall compared to the first two months of the year-on-year by 17.2 per cent to a value equivalent to 292,45 billion (259 billion euros). The imports decreased by 4 percent to 299,54 billion dollars. Overall, the foreign trade contracted by 11 percent.

The strict measures against the spread of the Coronavirus had the Chinese economy since the end of January practically brought to a standstill. The effects were, therefore, particularly in February, felt. Slowly the factories and companies take up the work again.

Weakening Chinese economy has also. for Germany, a significant impact

A weakening economy in China has also for Germany a significant impact The people's Republic is an important market for German companies. In the past year, the export volume amounted to 96 billion euros.

The second largest economy in the world since 2015 is also the country from which most of the imports come to Germany. Especially active in China, German companies have to fight. "The overall impact is bad", found the German and the European chamber of Commerce in China, according to a survey among member companies at the end of February. Almost 90 percent of companies reported "moderate to strong effects" due to the lung disease.

Everything about the Coronavirus outbreak you read in the News-Ticker of FOCUS Online.

the risk of a recession in Germany

rose, The industry sees the danger of a recession in Germany in view of the massive follow through the Virus as risen considerably. "The economic growth threatens to come almost to a Standstill", it was said this week in a new quarterly report by the Federal Association of German industry.

can't Get it to economic normalization in the of the Coronavirus-affected countries in the second quarter, the BDI for Germany for the year as a decline in economic performance. In the FOCUS Online/Wochit In the

rob/dpa
Date Of Update: 07 March 2020, 11:00

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