Car trade in reverse as Germany's deficit with China jumps 143 per cent

Europe is buying Chinese hybrid vehicles by the shipload - imports are up more than 400 per cent this year - while Germany's car exports to China have slumped, leaving gold as its biggest single shipment going the other way. These are just two findings from new statistics that show how quickly the old trade model has shifted gears, while offering a stunning snapshot of the contrasting industrial fortunes of the European Union and China. Germany - the bloc's biggest economy and its manufacturing powerho ...