China – Dependent on Imports – Economy

According to an analysis, China’s economy is heavily dependent on imports from the West. According to a report by the German Economic Institute (IW), the country would find it difficult to replace imports of food, some raw materials, medicines, cars and aircraft. Overall, according to the data, a good half of Chinese imports with a value of 1.25 trillion euros came from western supplier countries. “Both sides – China and the West – are dependent on each other,” it says. A third of Chinese semiconductor imports come from the West and another third from Taiwan. “Replacing state-of-the-art chips in particular will remain difficult for China,” the authors conclude, with a view to a possible conflict with Taiwan. Tensions with the neighboring country had recently increased.

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