"German exports to the important Chinese market are suffering their sharpest drop in a quarter of a century, casting a shadow over Europe’s biggest economy and showing the global impact of China’s slowdown.
.Que oportunidades e ameaças para a sua PME por trás desta evolução?
With new orders from China and other emerging economies sagging, German businesses fear the bad news is only beginning, data and surveys released in recent days suggest.
German exports to the U.S. and many other markets are still growing, cushioning the impact of China’s troubles. But with much of Europe still licking its wounds from the long eurozone debt crisis, business confidence in Germany is vulnerable to continued cooling in Asia.
Above all, capital-goods sales to Chinese factories are down, as overcapacity there takes its toll on investment spending.
The stakes are high for Germany. The 30 companies in its DAX stock-market index have 672 subsidiaries in China, according to the Munich-based consultancy EAC.
Some Chinese companies have started to dump unused machinery on the market, further hurting German companies’ sales and profit margins.
Bright spots remain. Many German companies in consumer and service sectors say they’re benefiting from China’s rapidly growing middle class. Engineering companies that can help China improve its infrastructure and relieve traffic pressures, and environmental-technology companies whose equipment can help reduce pollution, are also reporting growing orders.
But it is the U.S. that is doing most to compensate for China’s stumble. German exports to the U.S. rose just over 19% from January to November from a year earlier, according to the statistics office."
Já reparou como a China se está a transformar numa economia de consumo?