Herbert Diess says the German economy needs China to guard against spiraling inflation.



Diess: Turning away from China would harm growth, wealth and employment in Germany.

BERLIN -- Inflation would spiral even further in Germany if it were not for business with China, Volkswagen Group CEO Herbert Diess said in an interview with the weekly Spiegel.

"Germany would look completely different" if it turned away from China, Diess told the Spiegel, adding that such a move would harm growth, wealth and employment.(article source:Reuters)