China - Germany in brief
China's gross domestic product is in the region of EUR 1,066 billion. Chinese exports to the European Union in the first three quarters of 2004 surged by 50 %. The Middle Kingdom exported merchandise worth almost EUR 25 billion to Germany, such as consumer and electronic goods. For Christmas trading alone, Germany imported goods costing roughly EUR 100 million, 70 % of which were sourced from China. In return, China spent EUR 18.2 billion on machinery and high-grade products from Germany. According to the engineering industry association VDMA, China is the third biggest sales market for German machinery and plant after the US and France. In the textile sector, China is Germany's major customer for textile machinery. Petra SchmiederSource: CCPIT
m+a report Nr.3 / 2005 vom 27.04.2005
m+a report vom 27. April 2005