German media says Germany will forge new economic axis with China

Global network reporter Li Zongze reported, according to the law wide net reason Germany World News "August 9 News said, for a long time, the world's growth axis is the United States and China."　　But the world economic crisis has led to the weakness of the United States, while the German economy unexpectedly news, China and Germany will form a new axis of world economic growth. German industry's growth in the second quarter of this year was the fastest since 1984, according to the latest figures. Experts initially estimated that the growth in the second quarter was only 0.9%, but now it is likely to be raised to 1.5% per cent according to the latest data. The smooth sailing of the German economy depends largely on exports, and the growth of exports depends largely on China. Germany's exports to China have received an astonishing 170% growth this year. Not only is car exports growing fast, but as China's economy grows, many of the machinery and products China needs are also supplied by Germany.　　Germany and China are becoming the new axis of world growth. The "World News" points out that the disintegration of the U.S.-China growth axis depends on Chinese products for the United States, while the US pays with Treasury bills. The seemingly successful model was crushed by the financial crisis. The new China-Germany growth axis is based on the mutual cooperation and exchange of products between the two countries and the stability of their respective financial institutions. Still, this model is risky. The risk comes mainly from China. If China's economic growth slows sharply, the axis of growth will be shaken.