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.
- Related reading
Zhang Jindong'S "Two Sessions" Proposal: Stimulating Consumption And Promoting Development
|China'S Annual Consumption Of Luxury Goods Exceeds Two Hundred Billion Yuan &Nbsp, Ranking Among The Top Three In The World.
|The CBRC Expressly Forbids The Trust &Nbsp Of The Bills, And The Remaining Business Shall Not Be Extended.
|- Fashion shoes | Air Max 270 React Shoes New Lake Water Green Color Release, A Strong Sense Of The Future
- Fashion brand | MEDICOM TOY X Sesame Street 2019 Joint Aymo BE@RBRICK Doll Opens Pre Sale
- Fashion brand | PSALTER Poetry 2020 Spring And Summer Milan Fashion Week, Exploring The Beauty Of Paper Dance
- Collocation | It Is Beautiful To Wear And Wear In Autumn.
- Management treasure | How Do You Manage Women'S Wear Franchises?
- Commercial treasure | Novice Business Women'S Clothing Stores To Get Goods Skills Must Pay Attention To These Places.
- Business School | What Brands Of Women'S Clothing Brands Do You Have?
- Fashion shoes | James'S Company Uninterrupted X Nike Joint Air Force 1 Shoes Release
- Industry Overview | China'S Domestic Textile Exports Grew Sharply In July, Reversing Negative Growth.
- Industry Overview | Waste Textiles Exceed 20 Million Tons Per Year, Recycling "Dig Treasure" To Break Through The Bottleneck Of Reuse.
- Domestic GDP Growth Target Is The First Low 8% In Eight Years.
- PEAK Has Become The Only Chinese Brand To Appear In The World Cup.
- Elaborate On The Four Major Sectors Of Green Manufacturing Of Shoes And Leather Goods Industry
- In The New Year, The Purchase And Storage Price Increased By &Nbsp; Jiangsu'S Cotton Planting Intention Was Positive.
- 時尚流行，中國鞋服行業(yè)戒不掉的"癮"
- Dancing With Luxury And Darkness; &Nbsp; Revealing The Bitterness Of Domestic Models
- Inventory Clearance Or Consumption Of Shoes And Clothing
- Skirt Is Hidden In &Nbsp, Releasing Infinite Feminine Charm.
- Jordan Was Legally Registered As A Shield And Was Prosecuted By Nike For Trademark Infringement.
- Seminar On Silkworm Production Technology Held In Nanning