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Alarm Bell Rings in Tokyo at Rapid Rise in German Exports to China
As if Japan didn't have enough economic problems to overcome, officials in Tokyo have identified another worrying trend: lagging export growth to China.; Rapid gains in German shipments to China have caught their attention, with exports from the European powerhouse doubling in value since 2008 and reaching 74.5 billion euros ($82.5 billion) last year.; Japanese sales to China, the nation's biggest trading partner, crept up by just 3.3 percent over the same period. Japan still holds a solid lead though, with to 13.4 trillion yen ($109 billion) worth of shipments to China in 2014. To be sure, part of the weakness in ... (full story)
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