Economic downturn or the impact of EU exports to China

by economic decline, inflation, consumer confidence dropped the EU, Europe began to decline in household purchasing power, which will probably the largest source of imports?? Chinese exports bring a new negative impact.
According to insulated lunch bags wholesale the latest Eurostat data, the euro area in June from May's inflation rate rose 3.7% to 4%, well above the ECB to maintain price stability for the set warning level to 2%.
In fact, the purchasing power of households in Europe has been the impact of high oil prices and food prices, consumption is suppressed, the EU consumer confidence has dropped below the level of long-term average.
EU economic sectors according to a survey conducted by households in France and Germany are declining consumer confidence, despite the UK housing prices may drop, but spending is still sluggish.
Market research company GfK German consumer confidence for July survey showed that before the experts of the data to be weaker than expected. The survey targeted 2,000 people in Germany showed that consumer confidence index fell from 4.7 in June to 3.9 in July.
The latest consumer report also shows that Denmark and Italy to the decrease in consumer confidence over financial institutions analyst's imagination.
From the current point of view, the EU consumption declined, most likely will affect China's exports to the EU.
According to China Customs statistics, from January to May 2008, the European Union remained China's largest trading partner and largest export market status, EU bilateral trade value of $ 166.02 billion, an increase of 27.9%. Among them, I exported 112.36 billion U.S. dollars to Europe, an increase of 27.4%; ceramic mugs wholesale and data over the same period in 2007, bilateral trade amounted to 129.86 billion U.S. dollars, an increase of 29%. Among them, I exported 88.19 billion U.S. dollars to Europe, an increase of 32.3%. This means that, from January to May, exports fell year on year increase of nearly 5 percentage points.
Macro-control, appreciation of the renminbi, to upgrade the international trade protectionism, the domestic market demand, rising import prices of primary products and other factors lead to reduced exports outside the euro zone's slowdown in demand factors can not be overlooked.
From the present point of view, the European Union as China's largest trading partner, if demand continues to fall, will further affect the growth of Chinese exports to the EU.
The data also show that in April this year, beyond the euro-zone countries are expected to by the foreign trade deficit to surplus, with exports amounting to � 138.2 billion and imports amounted to 135.9 billion euros, according to the seasonal variation correction value, respectively, up from last month 6.2% and 3.6%. In the first quarter, euro area countries of Russia, Poland and Turkey, respectively, year on year export growth of 21%, 20% and 14%.
On the other hand, Chinese products are to some extent, helped slow inflation in the EU. Some experts said that China's enterprises to improve productivity actually ease global inflation. This means that Chinese enterprises to foreign consumers do not add to inflationary pressures, but by increasing productivity to cope with rising raw material, to suppress global commodity prices.
Earlier, EU Trade Commissioner Peter Mandelson's senior aides, solely on the China-EU trade matters, Hao Wang, North (Per Haugaard) in the European Union to accept the "First Financial Daily" said: "China is now the largest export market is the European wall clocks wholesale Union, for into the EU market to China in the past made in the economic development in the future economic success, are crucial to the same time from the EU point of view, we have a large number of Chinese investment, while a relatively low price to get a lot of goods and commodities, is also extremely important, so in the development of trade with China, we are completely interdependent such a situation.