Full-fledged revival in foreign trade still far off despite rise in Nov.

張運興
0 CommentsPrint E-mail Xinhua, December 12, 2009
Adjust font size:

A full recovery of China's foreign trade would still face a bumpy ride although it reported its first gain in overseas shipments in 13 months, as the sluggish overseas demand would not be remarkably improved in a short term, analysts said.

Imports and exports rose 9.8 percent in November from a year earlier to stand at 208.2 billion U.S. dollars, ending 12 consecutive months of contraction, according to the General Administration of Customs Friday.

Li Jian, a researcher with Chinese Academy of International Trade and Economic Cooperation, attributed the positive figures to a lower comparison base from the same period last year, when exports was down 2.2 percent year-on-year in the first monthly decline since June 2001 due to the devastating global credit crunch.

Li also believed initial economic rebounds in China's major trade partners in the third quarter had helped push up the foreign trade figures.

The European Union (E.U.) and eurozone economy returned to growth in the third quarter, joining the United States and Japan in bottoming out of recession, said in a report from the E.U.'s statistics office released in November.

Gross domestic product (GDP) in the eurozone expanded by 0.4 percent while the United State registered a 2.8 percent economic growth in the third quarter.

Zhang Yansheng, director with Institue of Foreign Trade of the National Development and Reform Commission, agreed with Li while adding that a series of preferential tax policies aimed at boosting the ailing exports since last year have also paid off.

Exports stood at 113.65 billion dollars in November, down 1.2 percent year on year, but were up 2.6 percent from October for the fifth consecutive monthly; imports rose 26.7 percent in November to 94.6 billion dollars.

However, analysts were bearish on a full-fledged recovery in China's foreign trade in a short term, as the ailing external demand would continue amid a fragile and unstable expansion of the global economy.

The world's economy needs a longer time of adjustment to rebound to the level before the financial crises broke out. The unemployment is still severe in major economies and the financial institutions' capability to fund the real economy has been diminished, said Li.

Whole year exports would post a 15-to-17 percent year-on-year decline due to a slump in the first three quarters, said Zhang.

Moreover, analysts worried that trade protectionism would hurl China's export into the abyss of slump. China has become the biggest victim of protectionism, said Zhang.

The Central Economic Work Conference that closed on December 7 vowed

to boost the recovery of exports and speed up changing the development pattern of foreign trade by maintaining the continuity and stability of policies relating to foreign demand.

Li suggested China's exports should shift from reliance on products with low-added value and step up efforts to expand service trade, in a bid to optimize foreign trade structure.

More support should be given to promote innovations in the small and medium sized enterprises dealing with foreign trade, to shore up the upgrading of foreign trade growth mode, said Zhang.

Zhang also suggested exporters explore the eastern Asian market and other emerging market worldwide.

PrintE-mail Bookmark and Share

Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Comments are moderated and generally will be posted if they are on-topic and not abusive.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 亚洲欧美中文字幕| 羞羞视频免费网站含羞草| 欧美最猛黑人xxxx黑人猛交98 | baoyu777永久免费视频| 极品新婚夜少妇真紧| 出轨的女人hd中文字幕| 丰满少妇被粗大的猛烈进出视频| 爱情岛论坛免费观看大全在线| 国产成人精品午夜二三区波多野| 一区二区三区免费在线视频| 最近中文字幕高清中文字幕电影二| 再深点灬舒服灬太大了快点h视频| 韩国演艺圈悲惨133bd| 在线成年人视频| 久久久久久国产精品三级| 欧美精品国产一区二区| 国产igao视频网在线观看hd| **俄罗斯毛片免费| 性欧美高清come| 亚洲av成人一区二区三区在线观看| 精品久久亚洲中文无码| 国产成人黄色在线观看| 182tv午夜线路一线路二| 幻女free性zozozoxxxxx| 久久精品夜色国产亚洲av| 波多野结衣两部黑人mp4| 国产一卡二卡3卡4卡四卡在线 | 色多多网站入口| 国产精品亚韩精品无码a在线| 一区二区日韩精品中文字幕| 成年女性特黄午夜视频免费看 | 国产一区二区不卡免费观在线| 韩国一级淫片漂亮老师| 国产成人A亚洲精V品无码| 91蝌蚪在线播放| 成人女人a毛片在线看| 么公的又大又深又硬想要| 波多洁野衣一二区三区| 伊人网综合在线视频| 老熟女高潮一区二区三区| 国产欧美色一区二区三区|