(1) Keith Bradsher, 中国与印度带给欧洲的两种挑战. 纽约时报中文网, Oct 16, 2013
cn.nytimes.com/business/20131016/c16asia/
, which is translated from
Keith Bradsher, Asia's Challenge to Europe. New York Times, Oct 16, 2013.
three consecutive paragraphs:
"A quadrupling of blue-collar wages in the past decade has made China increasingly uncompetitive in areas like garment manufacturing and shoemaking, which are shifting to poorer countries in Asia. But the result has been an accelerated shift by Chinese industry into higher-value sectors vital to Europe. Partly as a result, China’s appetite for European exports is faltering, even as Chinese exports to Europe keep rising.
"China already buys only half as much worth of European exports as the United States, even as Europe now imports far more from China than anywhere else. China’s purchases from Europe fell slightly in the first half of this year from a year earlier.
"Swiss watches and French wines may receive a lot of attention, but the three dominant categories of European exports are industrial machinery, vehicles and electrical machinery (mainly computer components). China is ramping up its own production rapidly in all three, and stepping up exports to overseas markets that used to buy from Europe as well. * * * Chinese equipment is flooding into factories all over Indonesia. 'They make it so cheap that no one can compete'
My comment:
(a) The translation is very bad.
(b) "Bharat Petroleum"
Bharat
en.wikipedia.org/wiki/Bharat
(may refer to: Bhārata, the self-ascribed Sanskrit name for the Indian subcontinent)
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