The Slowdown Of China'S Exports To Europe Will Not Lead To An Overall Crisis

although European debt crisis As a result, China's exports to Europe slowed down, but Reuters commented that China's overall exports are still expected to achieve stable growth.

　?? The proportion of EU in China's exports is not 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 of goods. In 2011, China's exports to Greece, Portugal, Ireland, Italy and Spain, the five countries with the most serious debt crisis, were only US $62.3 billion, accounting for about 3.3% of the total exports, which was less than China's exports to Germany. China's exports to Greece are only $4 billion, which is comparable to the size of the Iraqi or Cambodian markets.

The European debt crisis is not as serious a challenge to China's exports as it was in 2008 and 2009.

　　 European sovereign debt crisis The main fuse or fuse of the eruption can be said to be Greece. That is to say, Greece met the EU's deficit requirement in 2001 and joined the euro zone in the same year. However, the cost of this process for Greece is also quite huge. Specifically, Greece signed a currency swap agreement with Goldman Sachs in order to reduce its foreign currency debt as much as possible. In this way, Greece reduced its foreign currency debt through the currency swap agreement and reached a sufficient deficit ratio to join the euro area. However, according to the agreement signed with Goldman Sachs, Greece must pay the other party a high return higher than the market price for a long time in the future. Over time, Greece's deficit ratio will obviously go into a downturn, which led to the formation of the sovereign debt crisis in 2009.

The European debt crisis only shows that there is a problem in one market, not in all the global markets. China's exports have withstood the test of the Asian financial crisis and the weakness of the US economy after the Internet bubble, so they can also meet the challenge of the European debt crisis.

China's exports to emerging markets are strong. Chinese exporters are expanding into emerging markets.

According to the Chinese government's New trade strategy From now to 2015, the proportion of exports to emerging markets in total exports needs to increase by 5 percentage points, which means that exports to emerging markets will increase by 125 billion dollars. The growth of exports to emerging markets will offset the decline of exports to major markets to some extent.