Ministry Of Commerce: Foreign Trade Growth This Year Or Down Than Last Year.

2011/8/25 13:13:00 40

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Vice Minister Jiang Yaoping said that the international situation has great influence on China's import and export.

Jiang Yaoping, Vice Minister of Commerce, said yesterday that the growth rate of China's foreign trade this year will be somewhat lower than that of last year, given the complexity of the current international situation.

trade balance

The situation is expected to be further improved.

Jiang Yaoping made the above statement at a press conference held yesterday by the State Council Information Office.

According to the latest data released by the customs, the total value of China's exports in the first 7 months of this year was US $1 trillion and 49 billion 378 million, an increase of 23.4% over the same period last year. The total value of imports was US $973 billion 169 million, an increase of 26.9% over the same period last year, and the growth rate of imports and exports has declined compared with the same period last year.

In this regard, Jiang Yaoping said that the sovereign debt crisis of developed countries

spread

The global inflation pressure has weakened the momentum of world economic recovery, and has a relatively large impact on China's import and export.

Coupled with the increase in the cost of production factors and the intensification of international competition, the overall growth rate of China's foreign trade is expected to drop slightly over the past year.

But he also said that China's foreign trade imports in the first 7 months of this year

Increase

This is significantly higher than exports, and is expected to continue this year in the second half of this year, with the increasing demand for domestic products, the expansion of import policy support and the combined factors of rising commodity prices in the international market.

trend

The balance of trade will be further improved.

Data show that China's trade surplus was 76 billion 210 million US dollars in the first 7 months of this year, a decrease of 8.7% over the same period last year.