In the China's entry into wto, the first ten years, the European Union has become China's biggest trading partner, China and the European Union trade accounts for about 16% of China's total trade.

However, the European debt crisis for fermentation, but make the window dropped heavy shadows. One of the most obvious example is, our country to the export growth has from January 2010 to 46% of the fell sharply to 4.9% in November 2011.

Shanghai customs exports to Europe had appeared negative growth

China's commerce ministry said on December news conference, November China eu export growth weakness. Year-on-year growth of only 4.9%, lower than the whole month export growth of 8.8%.

January to November, China's exports to Europe year-on-year growth of 15.1%, growth is January ~ 16.3% in October continue to narrow.

ShenDanYang commerce ministry spokesman, said the eu economic growth if further slowing, internal consumption investment further weakness, it is possible to have a direct effect on the bilateral trade growth.

Statistics show that, from the Greek crisis since, our country export growth to the European Union from January 2010 to 46% of the sharply down 4.9% in November 2011. And in January 2011, China's exports to Europe can still maintain a year-on-year growth of 25% of the level in.

In regional terms, because the eu market is shrinking, China's largest Shanghai customs November exports to Europe has been a rare negative growth, also "drag" the entire cities export growth fell to the low point of the last two years.

According to the Shanghai customs statistics, November Shanghai customs exports to Europe less than $10 billion, 3.4% lower than the same period last year. If you consider that in nearly a year factors of the appreciation of the renminbi, to the European Union in November of exports actually year-on-year "negative" may be even greater.

Two-thirds of the foreign trade business in export orders dropped

The end of the month, global resources to the home of the 581 Chinese exporters survey report shows that almost all companies polled both felt the debt crisis, 35% of Chinese foreign trade business said it was pretty obvious effect. In the survey report, two-thirds of China's foreign trade enterprise reflects the export orders dropped from Europe.

The state information center forecast, deputy director of the economic ZhuBaoLiang said, in addition to the global debt crisis, the exchange rate of the yuan appreciation more, will weaken our export products price competition; Domestic labor costs, tighter policy lead to financing costs continue to rise and other factors, and small and medium-sized foreign trade enterprise management difficulties, affect its foreign trade export.

In the past two years, the exchange rate has been a major export enterprise's big problem, to the euro and settlement of the export enterprise suffer more. Since this year, the yuan and other major currencies are keep appreciation situation, especially to the euro, four quarter was 8% rise sharply.

Grasp China consulting manager gao jie told the daily economic news "reporter, the appreciation of the renminbi squeezed the export enterprise profits. A 20 million euros order, for example, high this year about the euro 10 yuan, the income is in 200 million yuan, but with the current 8.4 to calculate is 168 million yuan, of which, the damage of the exchange is as high as millions dollars.

The European Union and China is the most frequent trade friction

Since the debt crisis since, the European Union has gradually replace the United States, and China has become the most frequent trade friction is one of the areas. So far, the European Union has to China, the color television, bicycle, saccharin stainless steel and so on many kinds of product launch trade relief measures, involving food, steel, chemical industry, stationery, toys and etc

With the spread of the crisis and deepening, of a new round of trade protectionism is resurgent trend. "Academy of international economy and the political research institute international trade SongHong director of research, said that on the one hand is to limit the other country imports to pass on domestic crisis, on the other hand, the people in crisis more need the protection of their own government.

The European Union next year in China in the field of trade is expected to have to change attitudes to, SongHong think, the European Union may be to China's mechanical and electrical, metal, chemical traditional exports such as strengthening the "double against" the frequency of the measures.

He said, in view of this kind of tendency choices, it is to strengthen the communication between top countries, especially the g20 summit of the communication between positive, advocates free trade; 2 it is, the enterprise shall promote the structure transformation and upgrade, the short term, can consider to set up the transfer market and looking for alternative products as deal with plan.

Source "the Chinese textile nets"

Edit: lara