And the global trend towards the economic center of the East from the West
After becoming the world's largest car market, China overtake Germany in 2009, became the first major export countries. Analysts pointed out that this reflects the rapid development of China's domestic economy and the global trend towards the economic center of the East from the West.
Total exports overtake Germany
Customs January 10, 2009 released figures show that in December 2009, China's exports grew by 17.7%, growth of 15%. Among them, the positive growth year on year growth for the first time since November 2008.
According to customs statistics, in December 2009, China's total import and export 243.02 billion U.S. dollars, an increase of 32.7%, growth of 16.7%. Among this, exports $ 130.73 billion for the fourth historically high monthly export value; imports 112.29 billion U.S. dollars, a record high monthly import value, up 55.9%, growth of 18.8%.
From the 2009 full year, China's foreign trade import and export value in 2009 was $ 2,207,270,000,000, down 13.9%. Which exports $ 1,201,670,000,000, down 16%; imports 1.0056 trillion U.S. dollars, down 11.2%. Full-year trade surplus of 196.07 billion U.S. dollars, fell by 34.2%.
According to the German Wholesale and Foreign Trade Association estimates that the total value of German exports in 2009 was approximately $ 1.17 trillion. Thus, although China's total exports fell, but still overtake Germany to become the world's first.
Economic crisis to show their strength
China overtook Germany in 2007 to become the world's third largest economy. More analysts believe that China will overtake Japan in the first year after the United States's second largest economy.
On January 8, 2009, according to authorities to preliminary statistics, in 2009 China's automobile production and sales steady over 13.5 million, for the first time surpassed the United States as the world's automobile production and sales superpower.
And overtake Germany to become the world's largest export country, but also to Chinese manufacturing firms in international demand subsided, other exporters in crisis time, showing their strength.
Analysts pointed out that China has had a major purchaser of global oil, iron ore and other commodities, as well as an investor can have a significant impact on the global economy.
Per capita exports are still lagging behind
Analysts believe that the global economic crisis, the United States and other countries in trouble, just give the Chinese an opportunity to improve their position in the global economy, and the Chinese government's 4 trillion yuan economic stimulus plan, but also led to the development of the domestic economy and consumer spending. Third quarter of 2009, China's economic growth rate reached 8.9% annual growth rate is expected to reach 8.3%.
German Industry and Commerce economist Volker Trier had pointed out last month, said: "If China's economic growth will lead the global economic recovery - which dominated the German export industry is also very good. "
Although total exports to become the world's first, but analysts also pointed out that China's per capita exports are still far below Germany. In addition, China's exports are mostly low-tech products, such as footwear, toys, furniture, etc.; while Germany exports mostly machinery and equipment and other high value products. Germany Analysts pointed out that many Chinese manufacturers also use German exports of mechanical products.
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