According
to customs statistics, on July 10th in 2012, In the first half of 2012
,China`s foreign trade imports and exports valued at USD 1,839.84
billion. Compared with the same period in 2011 increased 8.0%. Among
them, export USD 954.38 billion, an increase of 9.2% y/y; imports
amounted to USD 885.46 billion up 6.7% y/y. USD 68.92 billion trade
surplus.
The
export proportion of traditional labor-intensive products reduced. In
the first half of 2012, The export of such as textiles, clothing,
luggage, footwear, toys, furniture and plastic products ,the 7 major
categories of labor-intensive products amounted to USD 186.47billion, an
increase of 7.7%. accounted for 19.5% of the total exports , down 0.3
percentage points.
The
second half of the year, China’s foreign trade faces many
uncertainties: First, the current international financial crisis is
still fermenting, the world economic recovery is weak; the serious debt
problems of major developed economies; the unemployment rate remains
high and low consumer confidence. Second, the domestic economic showed
an independent fall after a rise. On the pressure of economic downturn,
domestic demand also slowed down. Third , export enterprises’ operating
costs increased.Such as labor costs, RMB exchange cost and financing
cost. And then export price competitiveness has been weakened and
international market share reduced. From January to May, China labor
intensive products (including textiles, clothing, luggage, footwear,
toys, furniture and plastic products ,the 7 major categories of
labor-intensive products) accounted for 63.3% of the similar products in
the Japanese imports, down 0.4 percentage points over the same period,
While Vietnam, Indonesia and Bangladesh, were increased 0.7% 0.2% and
0.2% respectively. The same situation with the United States and the
European Union markets. Fourth , during the financial crisis, Europe and
the United States, the main economies adopt trade protection, trade
barriers endless, retrofit, and quickly spread to emerging markets.
Source: http://english.ctei.gov.cn/innews/domestic/201207/t20120727_1362787.html
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