David S. Eberly
Sourcing automotive components in China
Need an office in China? Office suites, meeting rooms, virtual offices, network access
Need a cell phone for your trip to China?
CHINA: "A New Era for Chinese Vehicle Manufacturers" report. 12-page report by Booze Allen Hamilton.
proceed to download
backCHINAtalk January, 2010
China ousts Germany as the world's top exporter
Germany has lost its crown as the world's 'export champion' after China reported slightly higher figures for 2009. Meanwhile, a new report warns that Germany's export sector will not recover from the crisis until 2014.
China has overtaken Germany as the world's number one exporter, according to the latest trade data from 2009.
In the first ten months of 2009, China exported a total of 663 billion euros of goods while Germany exported 638 billions worth, according to customs data from the Global Trade Information Services, a Geneva-based market research firm.
The announcement comes as little surprise to analysts who say China has weathered the global financial crisis better than other major economies. The past decade has seen China report high annual growth in its export sector - regularly topping 20 percent.
In 2007, China surpassed Germany to become the world's third largest economy behind the US and Japan, and in 2010, it is expected to climb to the number two spot.
Slow recovery
Germany's dethronement from top exporter status comes as analysts predict a slow economic recovery for the country.
The BDI Federation of German Industries said in its latest foreign trade report that its export sector wouldn't return to pre-crisis levels until 2014.
"Germany's export industries are on the road to improvement, but the recovery process will take longer," BDI president Hans-Peter Keitel wrote in his introduction to the report. "The export industries had to battle through a tough setback in 2009."
In the first 10 months of 2009, Germany's exports fell 27.4%, compared with 20.4 percent for China and 21.4 percent for the US.
China has recently come under harsh criticism from both Europe and the US for allegedly failing to comply with global trade rules.
Source: Deutsche Welle - GAI
2010 China Auto Sales: Robust or Bust?
read on
24-hour auto factories still can't meet demand
read on
The Eight Overarching China Automotive Trends That Are Revolutionizing the Auto Industry (part 4)
read on
China Employment Law Update
read on
2009 Global Transfer Pricing survey: China - survey findings
read on
Making Your Chinese Merger "Marriage" Work
read on
Reverse Culture Shock: China
read on
Foreign investment doubles in December
read on
China Rising
read on
New PE Development - Drop Shipments Taxed In Taiwan
read on
Shanghai First to Offer Social Net to Expatriates
read on
China ousts Germany as the world's top exporter
read on
China plays down "largest exporter" speculation
read on
China's Iron and Steel Industry amid the Financial Crisis
read on
Great business opportunities for German companies in western China
read on
Chinese outbound M&A flow remains resilient despite the financial crisis
read on
Changsha National Economic and Technical Development Zone Investment Environment Report
read on
A Green China or a Gray China?
read on
Hong Kong Companies to receive National Treatment under China’s Clean Development Mechanism (CDM) Rules
read on
When Chinese Entrepreneurialism Meets Western Economics
read on
Before You Leap - China
read on
Record rural consumption fuels economic expansion
read on
Property prices continue to climb across country
read on
China names another 20 innovation bases to boost foreign trade
read on
To visit GlobalAutoExperts Directory, click here.