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According to the Federal Statistical Office, seven product groups – motor vehicles, mechanical and chemical products, iron and steel products, foodstuffs, electronic goods and telecommunication devices- accounted for about half of the German foreign trade volume in 2005. The first three above-mentioned product groups alone (motor vehicles, mechanical engineering and chemical products) account for one third of the trade volume. +++

In its economic forecast which was presented last week the Organistion for Economic Co-operation and Development (OECD) forecast a continuation of the worldwide economic upswing, even though this will be slightly less intensive than so far. Despite considerable risks posed by the slowdown on real estate markets, turbulences on the financial markets and high raw material prices, growth would only temporarily slow down in several member states and then regain momentum. +++

Not only in Germany, but also in China small and medium-sized entities (SMEs) play in important role for the development of the national economy and the labour market as well as for innovation. This fact was not announced by some Western economist or policy maker, but by Ou Xinqian, who is deputy director of the governmental commission for development and reform, on the occasion of the 17th party convention of China´s Communist Party. +++