China’s latest ‘shock’, German auto pain and the euro/yuan pressure cooker
China’s export engine is on track to post another trillion-dollar-plus trade surplus this year, shrugging offtariff tensions and an energy squeeze, while turning a spotlight on a still undervalued yuan. While attention remains fixed on the U.S., the world’s second-biggest economy is expanding rapidly, and its global impact is proving just as pervasive as anything…