As the biggest of South Korea trading partner and investment object, Chinese economy has become the barometer of the South Korea economy.Last year,the South Korea had surpassed Japan to become China’s largest import source,including mechanical, electronic spare parts which its demand had become a main factor.But also have South Korea research think that the competitiveness of the South Korea in the China market is not promote, on the contrary,the competitiveness of Chinese spare parts is about overtake to the South Korea.
The two countries exports competitiveness increased from 0.36 in 2000 to 0.43 last year. The export competitiveness is close to 1, meas that the export structure is more similar.Researcher point out:During the ‘12th five year’,China localization target of the core parts will promote to 80%, and then actively strengthen the competitiveness of the domestic parts.
Now, the proportion of the South Korea imported material from China had more than Japan.China accounted for 23.8% in 2007 from rising to 26.8% in July 2012.And China’s IT parts to get fast improving competitiveness, has threat to South Korea. Report says that China is South Korea biggest buyers of material and parts,and now become the biggest seller.
English
German
Spanish
French
Italian
Portuguese
Japanese
Korean
Arabic
Russian
Chinese
NO.2 Machinery
NO.2 Machinery
SINTS