China may become Germany’s top export customer by 2016; Global rebalancing favours US net exports - - US becomes cheap production location
May 4th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
China may become Germany's top export customer by 2016 as German exports to the emerging giant are expected to keep the impressive momentum of 19% per annum growth in 1991-2008 period. Meanwhile global rebalancing, with the world recovery being led by emerging economies, strong growth is seen as favouring US net exports as US has become a cheap production location.