Saturday, December 22, 2007

China Becomes Top Source of Eurozone Imports

China Becomes Top Source of Eurozone Imports
(Financial Times)


China overtook the UK as the biggest source of imports into the eurozone in the first nine months of this year, according to official figures yesterday that highlighted the competitive threat facing Europe-based manufacturers.

Imports from China, at €123.7bn ($178.3bn, £88.3bn) were 20 per cent higher in the year to September than in the same period in 2006, reported Eurostat, the European Union's statistical unit. Imports from the UK fell by 2 per cent to €122.3bn.

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