Niet beschikbaar in het Nederlands
Ginevra Aguiari
- 22 September 2026
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 6, 2026Details
- Abstract
- This box discusses the heterogeneous impact on EU countries of China’s rapid industrial transformation, which is reshaping global trade patterns. The similarity between the export structures of China and several EU countries has increased substantially since 2019, particularly in machinery and transport equipment, and is most pronounced in manufacturing-intensive economies, such as Germany. At the same time, China’s goods imports have become less aligned with EU export structures, illustrating China’s decreased reliance on European industrial goods. These developments have coincided with losses in EU export market shares in sectors and destinations where Chinese competition has intensified, although EU exports have remained more resilient in higher-value-added sectors, especially in the US market. These findings illustrate that there are differences across EU countries and sectors in terms of their exposure to China’s industrial rise, reflecting differences in specialisation and integration into global value chains, with implications for policy priorities at the EU and national levels.
- JEL Code
- F14 : International Economics→Trade→Empirical Studies of Trade
F13 : International Economics→Trade→Trade Policy, International Trade Organizations
F15 : International Economics→Trade→Economic Integration
F60 : International Economics→Economic Impacts of Globalization→General
- 9 April 2026
- THE ECB BLOGMany Bulgarians feared large price increases when the euro replaced the lev. However, preliminary evidence shows that the changeover in Bulgaria has so far had a limited impact on consumer prices and on perceptions of inflation.Details
- JEL Code
- E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
E42 : Macroeconomics and Monetary Economics→Money and Interest Rates→Monetary Systems, Standards, Regimes, Government and the Monetary System, Payment Systems
Related- 7 March 2023
- THE ECB BLOG