German Corporates At Risk From China Credit Bubble!
There have been many beneficiaries of China’s rise from a developing economy to the world’s second-largest economic superpower over the past decade, but according to a new report from Astellon Capital Partners, there’s one country that’s benefitted more than most.
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Astellon’s research shows that German corporates have been the primary beneficiaries China’s economic expansion since the great financial crisis. Thanks to China’s credit-induced demand growth, China’s share of German net exports is up 200% since the financial crisis, and German corporates have enjoyed superior earnings growth as a result.
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