Temat: China Outruns Germany In World Export

Zapraszam do grupy BiznesChiny.com

This is the last year Germans can bear the title of world export champion. China takes over the title afterwards.

Germans are proud to be called world export champions – even in 2006 no other country exported more goods than Germany did. But, the joy is still interrupted by the end of January, when the Swiss Prognosis Institute announced Germany would be exceeded by China next year.

Title refers to export of good only

World export champion title loss is painful for some, while for others, still, never was of much importance. Because the title refers only to export of goods, therefore machines, cars or chemical products. But, more than two thirds of Germans work in the service activities sector, and these are being more and more internationally sold, for instance, from banks, insurances or software companies. If service activities are considered, then, just as up to now, the biggest world exporter is the USA. But, it will soon loose this top position, believes Bernd Schaaf:

-Even if service activities are considered, the current world champion will be exceeded by China, by 2010 at the latest.

China dominates in some world trade sectors

But, it would be wrong to understand the Chinese export wonder as a threat, believes Gerd Herx, German Foreign Trade Agency director. China indeed dominates some world trade sectors. For instance textile and clothes production, but in electronics and electrotechnics quarter of world export comes from China.

Still: - In other industry sectors China is lacking behind in abilities of market competition, like engineering, even more in the chemical industry and car industry. Here, progress in Chinese production still is not that great for the country to produce goods for export, which could be acknowledged on the international trade competition.

Large part of Chinese export based on engagement from the West

Also, as Gerd Herx says, a large part of Chinese export is based on engagement of western companies. When a company like BASF in China has a chemical plant and sells products to other Asian countries, and this is called Chinese export- 60 percent of Chinese export has an abroad base. It came of either foreign companies in China or through Joint Ventures, mutual economic ventures with Chinese partners.

Profit from export is not only good for the country the export is from

Still, it becomes clear that export profit is not only good for the country export comes from. Example for this is Germany, successful in export, and at the same time with a high level of unemployment. Corinne Abele, who works as a correspondent for the Foreign Trade Federal Agency in Beijing, above all sees companies as such development profiteers: If the investments in China are well thought of and a part of the international strategy, then in each case the company profits from it, this is clear, weather it is BASF or Siemens or any other large company.

Foreign companies make up 58 percent of export and 60 percent of import

China realised it would profit from hiring foreign companies. Companies kept bringing in capital and knowledge and taught Chinese workers. Corinne Abele: - Foreign companies indeed make up 58 percent of export, but 60 percent of import. This means that a large part of production, which could be conducted in China, is being conducted outside China. And the Chinese government wants to change this, of course.

Chinese government started a technology development programme

Because of the same reason, the Chinese government started a technology development programme. Home industry must increasingly take care of research and development, too little has been done in this area. Also, it will be examined what use has the engagement of foreign companies have to Chinese economy. The first consequence should be canceling tax reliefs for foreign companies. This decision the Chinese government plans to reach even this year.

Deutsche Welle
Objavljeno: 09.02.2007. u 15:17h
źródło: http://www.javno.com/en/economy/clanak.php?id=19800

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Marcin Nowak edytował(a) ten post dnia 10.02.07 o godzinie 13:13