03.07.2014 - China's impact beyond commodities
Since 2003, Europe has made the greatest inroads into China's chemicals, machinery and transport equipment import markets, dominating them all in 2013. Some of the gains seem to have come at Japan's expense, especially in recent years. This increased exposure to China also implies increased vulnerabilities to a China slowdown. Also, the US and Japan seem to have made a comeback of late. China's importance for global growth has risen incredibly over the past decade not only for emerging but also developed markets. In the 2014 edition of our annual China export exposure chart book, we look at how China's importance as an export market has evolved over the past decade. We note that the importance of China as an ultimate "consumer" of imports has gone beyond commodities...............................................Full Article: Source
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