A serious deterioration in the external debt situation as of Greece, Spain, Portugal and other countries, into groups of sovereign debt crisis, the major factor, the data show that this debt crisis has begun to spread to European banks and corporate finance which other credit markets, trade markets at risk .
In this intensified the crisis, the world's largest small commodities distribution center - Yiwu, because it close to the end of the market correction and subsequent annual Spring Festival holiday and the transient nature of some European countries to avoid debt led to the sharp reduction in ability to pay trade risk.
However, the Yiwu Market does not feel relaxed. Beginning in 2008, Europe has consistently ranked in Yiwu, the largest export market, the data show that in 2009, when Yiwu, the total amount of goods exported to Europe 665.0719 million U.S. dollars, accounting for 31% of the total annual export.
"A slight situation as a whole" in the global trade markets, from Europe for this storm will be re-opened after a three-day camp for the city of Yiwu merchants What does it mean?
Yiwu's export trade to Europe by the limited impact
But the market trend to maintain attention to the crisis
In December 2009, the international rating agency Fitch lowered the Greek shot credit rating dropped from A-to BBB +, another rating agency Standard & Poor's also reduced Spain to a negative outlook. This is the second in early 2009 the international rating agencies lowered the authority of Spain, Portugal, Ireland and other credit rating once again after the larger operations, the debt problem in Europe once again become the focus of a global look.
"Since December 2009, the euro fall more than 9%. The continuing weakness of the euro will have the purchasing power of the countries within the euro zone and the ability to pay have caused a tremendous negative impact." B2B commerce sites a Senior Account Manager Huang Li told reporters.
In 2009, Yiwu commodities were exported to 189 countries and regions, export out the top ten countries were the United States, the United Arab Emirates, Germany, Spain, Russia, Britain, Italy, Brazil, Iran and India, in Yiwu's export to EU countries the amount of rankings, Spain second only to Germany, with exports amounting to 92.8 million U.S. dollars.
"The current situation is still not serious enough to allow foreign companies are anxious Yiwu, no security level. Despite the debt crisis has hit Spain, but Germany, France, Britain, Yiwu market, the larger amount of exports to the EU countries have not caught the sovereign debt crisis. "Huang Li told reporters," taking into account Greece, Portugal, Yiwu is not a major exporting country, and the coverage of the crisis is mainly in the financial sector, short-term trade of Yiwu, there will only be caused by indirect effects, the overall damage power is not. "
Greece and Portugal as well as the financial crisis, a debt crisis beginning in Ireland, which suffered three worst hit by debt crisis, the national total of only 6% of euro area GDP. Relatively weak economic base, both geographically at the edge of the euro area, over the years the work reinforce the weak financial and other reasons that ultimately led to the grave the whole nation insolvent. However, if you add in the euro zone's fourth largest economy, Spain, this proportion will rise to nearly 20%.
Even Greece, Portugal and Ireland, unable to save themselves, the other members of the euro zone there are still a capability one way or another one, and Spain, once collapsed, the consequences would be disastrous. Was particularly concerned about the outside world is that the euro zone countries have caught the edge of sovereign debt crises, like a malignant tumor as possible, and gradually spread erosion of the core members of the euro zone, thereby affecting the stability of the entire monetary union, as well as the relevant industry's recovery.
"We still should have the current debt crisis, the possible impact of high alert, due to a unified monetary policy, euro-zone economy networking very closely, but because the absence of an effective macroeconomic regulation and control means, like the rapid control of the The spread of the crisis the scope and attack very difficult time. "decorated merchandise exports has been engaged in legitimate business, Peng-British Commenting on the recent one, the great British retreat a single customer, said," orders have just began to increase, not long after the outbreak of the out of several countries in Europe sovereign debt crisis, the customer had just laid down on the abolition of a number of bridal accessories list,
Between the two must have some relevance. "
Extension of the debt crisis of Europe's most difficult period of
Justice is required to guard against the rise of trade protectionism, the European Union
The financial crisis, the EU economy into a massive recession, but also led to rising unemployment, public deficit and the surge in interest to Member States a serious division in a series of deep-seated contradictions, individual countries are even facing the dilemma of social order and instability. In order to ease the internal pressure, the EU and its member states in foreign trade shows that before the crisis more serious than the protectionist tendencies, over the years has maintained a trade surplus of China for its trade protectionist forces in Europe against a "target of public criticism."
According to China's Ministry of Commerce statistics, the implementation of EU anti-dumping measures are still up more than 50 since the outbreak of the financial crisis, anti-dumping measures imposed on the total accounted for more than 30%.
In January 2009 to September, the EU's newly launched six anti-dumping investigations, involving 740 million U.S. dollars, respectively, involving Chinese exports to the EU of sodium gluconate, aluminum alloy wheels, high-tenacity yarn of polyester products, for outdoor clothing, Melamine, as well as solar panels and other Chinese exports.
Signs of a gradual decline as the economy slowed, as well as the European countries the economic pressure of self-digestion, Europe "the most difficult period appears to have in the past." November 2009 China-EU trade has been achieved with the ring than the same period last year, while a positive growth year on year decline in China's exports to the EU narrowed to 8.0%, imports from Europe increased substantially by 22.7% year on year.
According to the China-EU Chamber of Commerce forecasts, the EU GDP growth of 1 percentage point each, the Chinese exports to Europe will rise by 11.5%, the European Commission for the 2010 European Union's economic growth forecast of 0.7%, which estimated that in 2010 China's exports to Europe can be realized close to 10% growth.
"Data to the surface so that it can explain certain issues, but the recent outbreak of sovereign debt crises in a more objective description of the euro-zone economy has not crawled out from the trough thoroughly, experience tells us that during the financial crisis the European countries in the transfer of national public attention and alleviate the economic pressure of trade protectionism is one of the Lao Fazi, so Yiwu foreign trade industry should have a certain degree of preparedness and response act. "professional financial planner Li told reporters.
"yiwu exporters should be paying close attention to the related products of Europe's newly Import and Export Ordinance and quality, environmental standards, packaging, and other rules changes, in order to avoid unnecessary losses."