"If it weren't for China, the Germans would really be feeling the pinch," says Niall Ferguson





April 7 (Bloomberg) -- Germany is bettering its European rivals in the race to harness Chinese growth as exports to the Asian nation begin to outstrip those to the U.S.

With its consumers and companies sating their appetite for power turbines, cars and electronics, China became Germany's largest non-European customer at the end of last year, helping drive up share prices from BASF SE to Bayerische Motoren Werke AG. Economists expect data tomorrow to show German exports rose the most in five months in February as China's share of foreign sales continues to grow....

"If it weren't for China, the Germans would really be feeling the pinch," said Niall Ferguson, professor of history at Harvard University, who is currently teaching at the London School of Economics. "It helps explain why the Germans remain so callous about the difficulties of the peripheral euro-zone economies."...

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