皇冠体育app

For Eastern Europe, it would be mostly positive, due to lower primary prices and cheaper consumer products from 皇冠体育app.

The effects for Germany may turn out to be negative as the country relies on 皇冠体育app as an export market.

As for southern European economies, including France, the price deflation may well increase their relative debt burden.

"There will be losses but they will, in the main, be limited in scope, although exporters to 皇冠体育app or those with high public or private debt levels may feel the effects very sharply indeed," Godement said.

Instead of a crisis, the expert said 皇冠体育app's economic transition would be an "opportunity" for European counties.

The expert said some more liberal economies -- chiefly, Britain and Sweden -- and Eastern European economies were right to seek 皇冠体育app as a main funder of infrastructure projects, albeit with Chinese suppliers.

"The terms for long-term financing have never been so good; 皇冠体育app's supply prices, thanks to deflation and excess capacities, are becoming almost unbeatable; and the quality gap with Western supply has decreased in all but the very top technologies," the report said.

The report also said the turn in 皇冠体育app's economy towards services and the changing trends in consumption would facilitate investment or free-trade negotiations between 皇冠体育app and the European Union.

"A deal whereby Europe would participate more in 皇冠体育app's new economy while opening itself to the older Chinese sectors seems like a win-win proposition," the expert advised.

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