China'S Slowdown In Exports To Europe Will Not Lead To An Overall Crisis.
although
European debt crisis
China's exports to Europe have slowed down, but Reuters commented that China's overall exports are expected to achieve steady growth.
The EU's share of China's exports is not yet big enough to affect the overall situation.
The EU is China's largest export market, but it accounts for only 18.8% of China's exports.
In 2011, China's exports to the five countries, Greece, Portugal, Ireland, Italy and Spain, which were most serious debt crisis, amounted to only US $62 billion 300 million, accounting for 3.3% of the total export volume, which was not equal to China's exports to Germany.
China's exports to Greece are only $4 billion, which is comparable to that of Iraq or Kampuchea.
The European debt crisis's challenge to China's exports is not as serious as it was in 2008 and 2009.
European sovereign debt crisis
The main fuse or fuse can be said to be Greece.
That is, Greece reached the EU's fiscal rate requirement in 2001 and joined the euro in the same year.
However, the cost of this process to the Greek countries is considerable.
In particular, Greece has signed a currency swap agreement with Goldman to reduce its foreign currency debt as much as possible.
In this way, Greece has reduced its own foreign currency debt through currency swap agreements and achieved enough fiscal rate to join the euro zone.
But through the agreement signed with Goldman Sachs, Greece must pay a high return over the market price for a long time to come.
As time goes on, the deficit rate of Greece will obviously go into a doldrums, which will lead to the formation of sovereign debt crisis in 2009.
The European debt crisis only shows that there is a problem in a market, not in the global market.
China's exports were once tested by the Asian financial crisis and the weakening of the US economy after the Internet bubble, so it can also cope with the challenge of the European debt crisis.
China's export to emerging markets is strong.
Chinese exporters are expanding their businesses to emerging markets.
According to the Chinese government
New trade strategy
From now until 2015, the proportion of emerging market exports to the total exports will increase by 5 percentage points, which means that exports to emerging markets will increase by US $125 billion.
The growth of emerging market exports will offset the decline in exports to some extent to some extent.
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