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Trade Between China And Europe Is More Than Happy In 2010.

2010/12/9 15:02:00 36

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Euro zone 2010

Economics

The recovery is better than expected. It has achieved positive growth for 5 consecutive quarters since the three quarter of 2009.

But after Greece, Ireland's debt crisis erupted, triggering fears of the euro zone's sovereign debt crisis and economic stability.

As far as the euro zone's own situation and the trend of global economic development are concerned, the current euro zone economy is full of uncertain factors, but the possibility of "two bottom exploration" is lower, Central Europe.

Trade

Will continue to maintain a steady growth momentum.

The strong growth of Sino EU trade in 2010 has quickly recovered from the unfavorable situation of the financial crisis and made new progress.

According to customs statistics, the bilateral trade volume between China and the EU reached US $388 billion 420 million in 1~10, an increase of 32.9% over the same period last year.

Among them, China exported $252 billion 790 million and imports $135 billion 630 million, up 33.3% and 32.2% respectively over the same period last year.

EU continues to maintain China's largest trading partner and export

market

And the position of the second largest source of imports.

From the monthly trend, 5~10 months, China's exports to Europe decreased from 49.7% to 19.8%, and the trend of monthly slowdown was obvious. However, the cumulative growth rate was still higher than the overall growth level of foreign trade in the same period, which is also far higher than that of other developed economies such as the United States and Japan.

According to the European side statistics, 1~8 months, the European Union exported 72 billion 500 million euros to China, an increase of 39.3% over the same period last year. China surpassed Switzerland to become the second largest export market of the European Union. The European Union imported 176 billion 300 million euros from China, an increase of 28.4% over the same period last year. China is still the largest source of imports in the EU.

The share of Chinese goods in the EU market increased by 0.9 percentage points to 18.4% in the same period in 2009.

However, the international financial crisis and the euro zone sovereign debt crisis also brought many difficulties to China's trade with Europe in 2010.

First, EU trade protectionism is on the rise, and Chinese products are the main targets.

The European Union has launched trade relief surveys on Chinese products frequently. The first three quarters of the new 10 cases have been filed, and have exceeded the number of cases registered in the whole year of 2009, and the amount involved has increased substantially. Breaking through the bottom line of their previous trade remedy practices, the first time launched countervailing investigations (Chinese coated paper) for Chinese products, and the products involved extended from the traditional fields of light industry and textile to the fields of electromechanical technology and electronics.

The European Union has become the WTO member who launched the largest trade remedy survey in China in 2010.

Two, the large fluctuation of the euro exchange rate has caused a large exchange loss to the European trading enterprises. Therefore, many enterprises are afraid to take large orders or long orders in the trade with Europe.

In the context of the current euro zone sovereign debt crisis, which still impacts the euro's stability, how to effectively avoid exchange rate risk in European trade is an important topic that needs to be studied.

Three, the EU continues to strengthen the environmental and safety standards of its products. China's toys, clothing and motor vehicles become the main victims.

According to China's trade relief information network, in 2010 1~8, the European Union recalled 338 textile and clothing products, an increase of 117% over the same period, of which 175 products were recalled, representing an increase of 127% over the same period last year.

Four is the EU's enforcement of intellectual property rights enforcement on the border. It intends to restrict the participation of enterprises in unequal open market countries in bidding for their government procurement, and further pressure on China on the issue of market access, which has also created new disputes for China EU trade.

But on the whole, the positive factors in Sino EU trade are far more than the negative ones.

Especially since 2010, frequent high-level visits between China and Europe have laid a solid foundation for bilateral cooperation, and the relationship between the most important trade partners has been consolidated.

The EU fully recognizes the importance of China's market to shake off the crisis and achieve sustainable growth in the EU economy.

China supports the EU's measures to deal with the debt crisis and the stability of the euro, and continues to send trade and investment promotion missions to Europe to expand cooperation and deepen cooperation.

I believe that with the gradual improvement of the EU economy, China EU trade will also usher in more opportunities.