"imports for processing remained durably depressed because international demand remained weak and their share in GDP was down from 12% to 6%"
".. ordinary imports rebounded quickly as the stimulus plan
launched late 2008 boosted domestic demand.
In 2011, ordinary importsreached 14% of GDP,
a ratio higher than before the crisis
comparable to that of the US or Japan."
Major importers, share in world imports (excluding intra-EU trade, %)
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"China’s trade deficits with Asia
come mainly from processing trade. As a part of the ‘Asian factory’, China imports components from its neighbours and exports the processed goods to the rest of the world "
" China’s deficits with Africa and the Middle East
stem from its growing need for raw materials as well as from higher prices.
Energy and raw materials amounted to
28% of China’s total imports in 2010, against 22% in 2007
" Exports to China amounted to about 0.6% of GDP in the US
comparable to % in most EU countries"
" Germany is an exception with exports to China representing 2% of GDP "
"German exporters are taking advantage of China’s expanding domestic demand."
" over the past 10 years China has increased its imports of consumer goods faster than any other product category, and German exporters have strengthened their position in this market (cars)"
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China's trade balances by regions, 2007-2011 (US$ billion)
China's trade imbalances 1985-2011 (in percentage of GDP)
"the ratio of exports to GDP contracted from 36% to 28% between 2007 and 2011, processing and ordinary exports being equally affected."
"US, Japan, and the EU received 44% of its exports in 2011"
