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Germany Is Fighting With Europe - Can China Be Far Behind?

The debate over Germany's trade surplus has been going on in Europe for quite a while. Indeed was Germany consistently gaining market shares from neighboring countries trough a wage-war and underconsumption. However the situation is a little less dramatic because Germany has to bear an ever greater share of the EU budget. Nevertheless Germany is to be blamed for being a part of the problem and the EU must deal with this. China on the other side may be forced to increase domestic demand because of increasing unemployment. The idling industrial capacities could easily be absorbed by a huge domestic consumer demand and China has already reacted in this way by launching a huge domestic stimulus program.