Thanks to the rapid growth of China and other emerging economies, the share of both the EU and the US has long been falling. Just a decade earlier, in 2003, the EU-28’s share had been 30.7% and that of the United States 29.7%. In that ten-year period China’s share nearly trebled, from 4.3% to 12.1% in 2013. Such trends are inevitable and not particularly worrying as long as the global pie is itself growing.
