ecb-中国工业崛起对欧元区的影响 The impact of China’s industrial rise on the euro area.pdfVIP

TheimpactofChinasindustrialriseon

theeuroarea

PreparedbyAlessandraAmicucci,NicolòGnocato,VanessaGunnella,Clara

Lindemann,AlfonsoMerendinoandCarlosMontes-Galdón

China’sindustrialriseisakeyexternalforceinfluencingeuroareatrade,

productionandpricesbyreducingcostsandincreasingcompetitivepressures

foreuroareaproducers.TherecentexpansionofexportsfromChinareflects

productivitygainsandtechnologicaladvancesthatarestrengtheningtheroleof

Chinainhigher-valuemanufacturing,althoughotherfactors,suchaslowerChinese

demandforim