Financial Times FT.com

China exports to eurozone soar

By Ralph Atkins in Frankfurt

Published: August 22 2006 03:00 | Last updated: August 22 2006 03:00

Eurozone imports from China have overtaken imports from the US, according to data on Monday, which highlighted the diminishing impact of foreign trade on eurozone growth.

The data from Eurostat, the European Union's statistical unit, highlighted the rapid growth in Chinese imports, which has intensified the competitive challenge facing European companies. The eurozone import growth pointed to a strengthening in domestic demand in the 12-country region, suggesting the economic recovery had become more broad-based.

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