Why Germany isn't panicking over China
September 02, 2015 at 04:51 AM EDT
Germany is taking recent market volatility "very seriously," but a finance ministry official told CNBC there was no reason to panic. Jens Spahn, the parliamentary state secretary for Germany's Federal Ministry of Finance, said Germany's economy was relatively insulated from the global stock sell-off, despite its trade ties with China. "Germany is one of the biggest exporters in the world. Our ...