China has become an engine of global economy and aspiring to leadership in the next five years after ousting second-place Japan. In 2010, China overtook Japan as world's second largest economy with a gross domestic product (GDP) of 5,878.6 billion compared to U.S. $ 5474.2 billion in the country Japan, registering an increase of 10.3 percent and will lamisca way with the U.S. before 2015.
The growth of China's economy opens up endless new opportunities for English food products that must be taken. In fact, wine, olive oil, ham and other food products are experiencing significant increases in sales to the second world economy.
The port of Valencia has become the main gateway from China to Spain and Europe which certainly is a great opportunity to recharge the container with English products bound for China in this new Silk Road century XXI. Currently, China has the greatest number of goods channeled through Valenciaport, with more than 7.5 million tons in 2009 and an exponential growth expected in the coming years.
China is the world's leading power in just five years. They confirm the figures and forecasts. Gross domestic product (GDP) of China in the three first months of the year was 9.6 trillion yuan (1.01 billion euros), representing an improvement over the same period of 2010 of 9.7%, a tenth less than the annual data of the fourth quarter Last March, while inflation stood at 5.4%, its highest level in 32 months.
growth figures are spectacular, with agriculture, which experienced a growth of 9.1%, while China's industrial output increased by 14.4% and retail trade registered a year increase of 16.3%.
Of the 1,300 million, a total of 300 million Chinese will move from rural to urban areas and this will require hundreds of thousands of homes, large investments in infrastructure, food and equipment that will undoubtedly constitute a great opportunity for English companies to their order books.
face the might of China, the U.S. will settle for a 2.8% growth for this year as the euro zone improved paltry 1.6% and two points less for Japan.
The global economic recovery gains momentum thanks to China and Southeast Asian emerging countries where it moves to the new axis of the global economy. Thanks to China's rising international organized forecasts global GDP growth to 4.5% in 2012 although this recovery remains unbalanced, as GDP in most advanced economies is below potential and high unemployment as in the case of Spain.
is why English companies must turn over to China and the example to follow what they are making business organizations such as the Valencia Business Confederation-CIERVAL which has hosted a conference to promote the 109th edition of the Import and Export of China, Canton Fair, organized in collaboration with China Foreign Trade Centre. In these days has involved more than 50 entrepreneurs from the food, toys, textiles, footwear, stationery, musical instruments, consulting, training, cosmetics and detergents, packaging, metals, furniture, tanning, frits and glazes, transportation, shipping, construction, wine and olive oil as well as representatives of Chinese businessmen based in Valencia.
The Valencia investments in China account for 2.40 percent of the investment by Spain in that country from 1993 to 2009, only a total of 30.64 million euros, which certainly shows the potential Really large and long still way ahead in the coming years.
In fact, the trade balance between the Region and China between January and November 2010 shows a deficit of 1,961.85 million euros, with a coverage rate of just 11.97 percent to be corrected urgently in the Valencian export to the Asian market because of the huge opportunities offered by the food and equipment.
in fact already are taking important steps in this regard. During this period, exports to China totaled Valencia sales worth 266.88 million euros, representing an increase of 42.5 percent over the first eleven months of 2009. China accounted for only 1.58 percent of total sales outside the Region, to become the fourteenth most important global clients in the region. It is also the world's leading provider of Valencia, with a 12.53 percent of total imports from abroad.
The rise of food in English exports to China also is apparent in the trade balance data for 2010. In that year, foreign sales amounted to 2,648 million which 152 (6.1% of total) were for food products. First on the list is fish, with sales of 46.5 million, followed by wine, fats and oils, meat products, live animals or horticultural products. Also on the list are the bread and milk, with 5.6 and 0.9 million respectively
The food industry is making the path forward for the rest of English products. In fact, exports of wine Bottled have doubled, the bulk wine have risen sevenfold and olive oil have grown 80% in 2010, which enabled them to achieve a market share of 44% being a role model in this new Silk Road of XXI century and would certainly mark a before and after in the nascent recovery in the English economy.
Gonzalo Gayo Gonzalo Gayo 
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