Volkswagen CEO says German economy needs China – Spiegel

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German President Frank-Walter Steinmeier visits Volkswagen plant in Zwickau

BERLIN – Inflation would spiral even further in Germany if it weren’t for business with China, Volkswagen Chief Executive Herbert Diess said in a media interview published on Thursday.

“Germany would look completely different” if it turned away from China, Diess told the Spiegel weekly, adding that such a move would harm growth, wealth and employment.

(Writing by Rachel More; Editing by Maria Sheahan)