China's foreign trade situation report (autumn 2008)
The report reviewed the first three quarters of 2008, China's foreign trade performance. In general, the first three quarters of China's foreign trade continued to maintain steady and rapid development of import and export structure to further improve the quality continued to improve, change the growth mode of foreign trade took new steps.
According to the report, as the U.S. sub-loan crisis into a global financial crisis, world economic growth may continue to slow down this year after a few months China's foreign trade development of the external environment will be further tightening. According to the current situation is expected, the year 2008 China's total imports and exports of goods will reach 2,600,000,000,000 U.S. dollars, an increase of 20%.
In 2009 the world economic situation will become even more complex and serious, destabilizing factors of uncertainty may continue to increase China's imports and exports could be further deepened. But China's foreign trade maintained stable and rapid development of the favorable conditions and there are still many positive factors. First, China's export industry has become a strong competitive advantage; Second, the international economy down, China's export products still have a distinct competitive advantage; Third, exporters cope with changes in the external environment has continuously increased its ability; Fourth, emerging Market and the market is still great potential for developing countries. Comprehensive analysis of China's foreign trade development in 2009 are facing opportunities and challenges faced, the opportunities outweigh the challenges in general.
China's foreign trade situation
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(Information Source: Comprehensive Department of the Ministry of Commerce)