Ministry Of Commerce: US Dollar Out Of Control Brings Import Inflation Shocks To Our Country.

The proportion of effective merchants in Guangzhou Fair is increased.

The Canton Fair is regarded as barometer and weathervane of China's foreign trade.

In recent years, it has become a "routine" for Chen Deming to attend the Canton Fair, to discuss with enterprises and to understand the actual situation in a short distance.

During the day's inspection, he visited a large number of exhibitors' stalls, and learned that the total turnover has exceeded US $25 billion since the opening of the Canton Fair, which has increased by more than 11% over the same period last year.

"Although the number of merchants has dropped, the turnover is on the rise. This shows that the proportion of effective businessmen is improving, indicating that the global economy is recovering. However, the recovery process is tortuous and complex."

He said.

Exports will continue to grow steadily next year.

At this fair, Chen Deming focused on exhibitors' understanding of the impact of rising labor prices, rising raw material prices and rising exchange rates on foreign trade enterprises.

"From the current situation, enterprises have made advance consideration and preparation for factors such as exchange rate changes and labor price rise."

Chen Deming said, "however, because of the uncontrolled issuance of the US dollar and the continuous rise in international commodity prices, it is bringing the imported inflation" shock "to China. The uncertainty caused by the current problem is causing greater difficulties for enterprises.

"However, Chinese enterprises are also actively considering these factors, believing that China's exports will continue to grow steadily next year, and imports will also increase substantially."

Chen Deming said.

Chen Deming also said that during the "12th Five-Year" period, the focus of China's foreign trade development mode was to pform its structure, quality, technology and standards. At the same time, the Ministry of Commerce will also help foreign trade enterprises enter the domestic market step by step.

"I believe that after several years, especially during the '12th Five-Year' period, China's foreign trade structure will be greatly changed and upgraded, and the domestic and foreign trade market will be integrated into one.

I think China's domestic market will obviously surpass Japan to become the second largest domestic market in the world.

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Service trade is developing rapidly.

On the same day, the reporter also learned from the press conference of the 2010 Sino foreign trade and service business conference that China's service trade has been developing rapidly this year. The total volume of trade in services is expected to exceed 300 billion US dollars this year, and the increase will exceed 20%.

Wang Huiying, deputy inspector of the Ministry of Commerce and trade of the Ministry of Commerce, said that the Chinese government attaches importance to the development of services and trade in services. China is gradually becoming an important country in Global trade in services.

According to the introduction, China's total trade in services amounted to 286 billion 800 million US dollars in 2009, ranking fifth in the world.

In the first half of this year, the total import and export volume of our services amounted to US $165 billion 630 million, an increase of 31.7% over the same period last year.

Among them, exports of US $76 billion 970 million, an increase of 41.2% over the same period, and imports of US $88 billion 660 million, an increase of 24.5% over the same period last year.

The deficit in service trade was US $11 billion 690 million, a decrease of US $5 billion 50 million over the same period last year.

The 2010 Sino foreign trade fair of service trade, sponsored by CCPIT, will be held in Beijing in from November 13th to 15th.

This session aims to show the current development of China's service trade, build a platform for exchanges and cooperation between domestic and foreign service trade enterprises, promote international exchange and cooperation of service industries, and enhance the international competitiveness of Chinese service enterprises.

The conference will be composed of two major exhibitions and theme activities. During the conference, a series of activities will be held, such as China International Creative Design Forum, China's first brand property and supporting services business summit, and China Organic Food International Symposium.