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Truths hide in the export figures

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July 2006

Forget talk of China pricing itself out of the international market. Its exports to the EU are alive and well - although one important factor will be what happens to the dollar

On the surface, the trend in EU-China trade seems clear: there is an irresistibly rising tide of imports from China, swamping a much smaller flow of exports from Europe. This is of course the source of some angst in Europe, especially among those industries that face competition in their home markets from Chinese exports. While this picture bears some resemblance to the truth, the reality is more complex and suggests that some of the underlying trends are far from clear.

The growth ...

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