Industry News

China's exports in the first half the world's first

World Trade Organization, 24, released data show that in the first half China's exports and micro-ultra-Germany to become the world's largest exporter. The first 6 months, China exported 521.7 billion U.S. dollars worth of goods, the German exports amounted to 521.6 billion U.S. dollars.

The World Trade Organization (WTO) 24 released data show that in the first half China's exports and micro-ultra-Germany to become the world's largest exporter. The first 6 months, China exported 521.7 billion U.S. dollars worth of goods, the German exports amounted to 521.6 billion U.S. dollars. WTO chief economist Patrick • Luo said that China's export value in dollar terms is almost equal, par. And pointed out that this is not only and export-related, and and the exchange rate is also related to the next few months will largely depend on the exchange rate movements, the euro's recent strength will be beneficial to the German exit.

Since 2003, Germany has been the world's largest commodity-exporting countries, industrial product sales in recent years, the main driving force for economic growth. In the international financial crisis, Germany's exports have also been seriously affected. Germany's export sector in recent months, showing signs of recovery. In June, the German export chain rose 7%, but year on year drop of 22.3%.

Min Yan, said the State Information Center researcher, it is difficult for Germany to do the whole year will exceed expectations, prior to China has exceeded that of Germany within a few months. Between the two countries will largely depend on exports to the United States, Germany, China, Japan and a large part of the demand came from the United States, in the product structure, China is mainly low-end products, but there are certain rigid requirements, so if the U.S. economic recovery slow , then the Chinese products will be more chances, if recovered quickly, German and Japanese products can quickly snatch away the market.

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