Nevertheless, non-banks are beginning to play a greater role in the European financial landscape, and are likely to take an even greater role as the Capital Markets Union deepens and broadens financial markets in Europe. Such consideration is not neutral for market rates in the euro area.
In line with the tremendous increase in its domestic demand, China has absorbed an increasing amount of imports from neighbouring regions. For instance, Korea’s exports to China jumped 59.1% in the first quarter of 2010. Figures for Chinese Taiwan and Malaysia were 76.0% and 95.0%.