BRITAIN'S DEPENDENCE ON CHINA IS UNPRECEDENTED
REFERENCE NEWS NETWORK REPORTED ON FEBRUARY 13TH THAT ACCORDING TO THE WEBSITE OF THE DAILY TELEGRAPH ON FEBRUARY 11TH, THE LATEST DATA SHOWS THAT ABOUT ONE SEVENTH OF THE TOTAL IMPORTED GOODS IN THE UK LAST YEAR CAME FROM CHINA, AND THE UK'S DEPENDENCE ON CHINA IS UNPRECEDENTED.ACCORDING TO REPORTS, IN 2021, CHINA EXPORTED GOODS WORTH APPROXIMATELY 63.5 BILLION POUNDS TO THE UK, WITH OVER 6 BILLION POUNDS EACH IN THE OFFICE AND TELECOMMUNICATIONS TECHNOLOGY SECTORS. IN TERMS OF TOTAL AMOUNT, CHINESE GOODS ARE ABOUT 12 BILLION POUNDS MORE THAN GERMAN GOODS AND ABOUT 26 BILLION POUNDS MORE THAN AMERICAN GOODS. CHINESE GOODS ACCOUNT FOR ABOUT ONE SEVENTH OF THE TOTAL IMPORT VALUE.ANNA BOATA FROM EULER HERMES SAID, "THE DEPENDENCE ON CHINA HAS STEADILY INCREASED OVER THE PAST 10 YEARS, REACHING A HISTORICAL HIGH OF ABOUT 14% OF TOTAL IMPORTED GOODS IN 2021