China to Become Largest German Export Market in Asia

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Last updated at: (Beijing Time) Wednesday, October 02, 2002

China to Become Largest German Export Market in Asia

China will take over Japan as the largest Asian market for German exports next year, the German Industry and Trade Council (DIHK) said Tuesday in Berlin.

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China will take over Japan as the largest Asian market for German exports next year, the German Industry and Trade Council (DIHK) said Tuesday in Berlin.

In its autumn survey, DIHK noted that China's mainland will continue to show robust growth, while Japan is only expecting a slight economic improvement next year.

The DIHK said that it foresees a 10 percent rise in exports to China this year - after the huge 27.5 percent growth in 2001 - to be followed by a 5 percent expansion next year.

German exports to China's mainland in 2003 are projected at nearly 14 billion Euros (13.7 billion US dollars), compared with 11 billion Euros (10.8 billion US dollars) to Japan, the DIHK said.

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