Xinhua Washington August 6 Feb United States Newsweek 5 articles pointed out that to China led by emerging economies has become the engine of world economy and pull Germany and other Western countries economic recovery.
The article says, during the financial crisis and economic recession in Western countries are not on the vast majority of emerging economies, causing heavy blow. While in the process of global economic recovery, emerging economies will dominate, become stimulating economic growth in Western countries.
Article: a case study in Germany pointed out that, as Europe's largest economy, Germany's economic recovery strong, unemployment fell 13 months consecutive year of economic growth is expected to reach 2% or 3%, higher than the European overall average growth of 1%. Germany's economic recovery thanks to strong rebound of the export industry, while its total exports almost half sold to China, India and other emerging economies.
The article says, in the automotive and machinery industries, Germany on emerging economies dependent on larger. For example, the Chinese Auto market demand propels, Audi sales this year are expected to record high. China will exceed the United States to become Germany's largest mechanical products in export markets. Deutsche Bank economists Jochen believes that China will more than France in 2016, become Germany's largest export market.
The article also pointed out that China is Germany's economic pulling function also indirectly promote Poland, Slovakia and other European countries, economic growth, because many Germany exporters will production outsourcing to these countries. As to the balance of power in the world economy continue to tilt to emerging economies, China and other emerging economies, economic growth in Western developed countries pulling effect is likely to continue. (Editors: Shao Greek, MD)
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