European crisis to have limited impact on exports

BEIJING - The deepening debt crisis in Europe that has sparked fresh fears after reports of a potential debt crisis in Hungary, will only have limited impact on exports from China, especially if the European authorities are able to prevent the contagion, top economists said on Tuesday.

The Hungarian crisis had triggered fresh woes that China's exports to Europe, its largest trade partner, would be affected.

Though a weak European market would certainly impact Chinese exports, most of the affected regions till now are not major trading partners, Boris Cournede, principal economist with the Organization for Economic Co-operation and Development (OECD), said in Beijing on Tuesday.