China'S Foreign Trade Imports And Exports Increased By &Nbsp In November, And Export Pressure Increased Next Year.

Data released by the General Administration of Customs on 10 may show that in November, China

Strong growth in imports and exports, significant growth in foreign trade in the central and Western Regions

According to customs statistics, in November, China's exports amounted to 153 billion 330 million US dollars, an increase of 34.9%. Under the impetus of "volume and price increase", imports reached 130 billion 430 million US dollars, an increase of 37.7%, and the import growth rate was 12.3 percentage points higher than that in October.

"With the impetus of world economic recovery, China's import and export situation is better than expected this year."

Li Jian, a researcher at the Ministry of Commerce and international trade and Economic Cooperation Research Institute, said.

The General Administration of Customs predicts that the total value of China's foreign trade will exceed US $2 trillion and 800 billion this year.

Li Jian said that the eastern coastal area of China is attracting and undertaking higher level high-tech industry pfer with the comprehensive advantages of personnel quality, pportation and logistics, infrastructure and so on. Processing trade is moving to the central and western regions of China. This shows that China's policies of adjusting trade structure and changing trade patterns are playing a role and the trade balance has gradually improved.

Customs data show that the growth of foreign trade in central and Western China is remarkable, of which Gansu imports and exports total value of 6 billion 630 million US dollars, which is 66.3 percentage points higher than that of the same period.

Imports and exports of Tibet, Yunnan and Jiangxi increased by 94%, 78.5% and 67.1%, respectively, higher than the total growth rate of 57.7, 42.2 and 30.8 percentage points respectively.

Export pressure is increasing and profits of foreign trade enterprises have been diluted.

Although the growth rate of foreign trade imports and exports reached 36.3% in the first 11 months of this year, experts generally expect that export growth next year will not be able to achieve export growth this year.

Zhang Yansheng, director of the Foreign Economic Research Institute of the national development and Reform Commission, said that the current macroeconomic situation in the world is showing a "double cold day". The US, Europe and Japan are basically in a deflationary state, and there are inflationary pressures in emerging countries such as Brazil, India and China. Under such circumstances, the pressure of RMB appreciation is rising, the trade frictions intensified, and the prices of production factors and trade protection are increasing.

The International Monetary Fund predicts that the world economy will grow by only 4.2% next year. The slowdown in the world economy will lead to a decrease in external demand.