The Chinese market is fading fast for Germany: Export growth to China in the first half of 2015 was just 0.8 percent.
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Germany's export exposure to China, for years a source of economic strength, is fast turning into a risk that raises questions about the health of other sources of growth in Europe's largest economy.Growth in China made it Germany's fourth biggest export market in 2014, after France, accounting for 9.0 percent of total exports, the United States (8.5 percent) and Britain (7.4 percent).However, this year the Chinese market is fading fast for Germany. German engineers' exports to China shrank by 4.9 percent in the first half. Their machine products lag only cars as Germany's largest sector of export goods to China.This is already having an effect on Germany's carmakers, which last year accounted for nearly a third of Germany's 75 billion euros in exports to China.China's slowdown also risks hurting other German emerging export markets.Exports remain crucial to Germany's economic health.
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