The Growth Rate Of Foreign Trade Will Drop Slightly &Nbsp This Year, And Import Growth Is Expected To Outperform Exports.

In the face of the "troubled times" of the world economy, the Ministry of Commerce has made a prediction on China's foreign trade situation: foreign trade will continue to develop steadily this year, but the growth rate has dropped slightly compared with last year. Trade The balance will be further improved.

On August 23rd, Vice Minister of Commerce Jiang Yaoping, speaking at the press conference of China's foreign trade development and the 110 Canton Fair, said that the growth rate of foreign trade is expected to drop slightly this year. However, with the increasing domestic demand, the expansion of import policy support, and the increase of bulk commodity prices in the international market, import growth is expected to be faster than exports, and the trade balance will be further improved.

"Since the beginning of this year, the whole world economy is facing an eventful period. The power of independent growth of various countries is insufficient. The multinational sovereign debt crisis continues to spread, and the global inflationary pressure continues to increase. Many factors have weakened the global economic recovery and has a relatively large impact on China's import and export." In Jiang Yaoping's view, the complex international environment has caused China's foreign trade development to face multiple pressures such as the external demand is not strong, the cost concentration is rising and the international competition intensifies.

However, Jiang Yaoping added that the world economy is slowing down. recovery In particular, the rapid growth of emerging economies will create favorable conditions for China's foreign trade development.

With the interweaving of favorable and unfavorable factors, Jiang Yaoping expects that China's foreign trade will continue to develop steadily this year, but the growth rate will slightly fall from last year.

The foreign trade data of the first 7 months have shown that China's foreign trade growth is steady. Fall back The trend.

In the 1-7 months of this year, the total import and export volume of US $2 trillion and 22 billion 550 million increased by 25.1%. Of which, exports of US $1 trillion and 49 billion 380 million, an increase of 23.4%, and imports of US $973 billion 170 million, an increase of 26.9%.

To promote the steady development of foreign trade, Jiang Yaoping said that the Ministry of Commerce will closely follow the changes in the international and domestic economic situation to the foreign trade with the relevant departments, increase flexibility in maintaining the stability of the foreign trade policy, accelerate the transformation of the mode of foreign trade development, and strive to create new advantages in the development of foreign trade.

Wen Zhongliang, deputy director of the Ministry of foreign trade of the Ministry of Commerce, said that in the future, the Ministry of Commerce will pay more attention to the balanced and coordinated development of import and export of foreign trade, and further encourage the active and effective expansion of imports from policies and measures.

In addition to expanding imports, the Ministry of Commerce this year will take many measures to promote trade balance, including specific efforts to promote the transformation and upgrading of foreign trade demonstration bases, vigorously develop export brands, enhance the image of China made, implement independent brand image and upgrade projects, strive to improve the quality and efficiency of foreign trade commodities, and promote the transformation and upgrading of processing trade.

Under the joint action of expanding import policy support, increasing domestic demand and rising commodity prices in the international market, Jiang Yaoping judged: "import growth is expected to be faster than exports this year, and the balance of trade will be further improved."

Data show that in the first 7 months of this year, China's foreign trade surplus was US $76 billion 210 million, down 8.7% from the same period last year.