China Exports Record in June: Europe Pays the Price

China reports record exports in June. Europe and Germany are paying the price - with growing deficits and declining market shares in global trade.

The new export record in June shows that China is expanding its trading power, while Europe is falling behind. China's exports recorded an unexpected increase. Data from the customs authority shows an increase of 5.8% compared to the previous year. This growth significantly exceeds analysts' forecasts. A provisional trade agreement with the USA has led …