综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Top Stories

Foreign trade drops by 9.8%

By Zhong Nan | China Daily | Updated: 2016-02-16 08:02

Expert blames weak manufacturing and housing market for the decline

China's foreign trade fell by 9.8 percent year-on-year to 1.88 trillion yuan ($288 billion) in January, according to customs data on Monday.

Exports dropped by 6.6 percent from the same month last year and imports declined by 14.4 percent.

The foreign trade surplus widened to 406.2 billion yuan in January from 382 billion yuan a month earlier, according to the General Administration of Customs.

The leading index for China's exports stood at 31.7 in January, the first month-on-month increase since February last year, signalling less export pressure in the second quarter of this year.

China's exports to its top three trading partners fell last month.

Exports to the European Union dropped by 7.4 percent, those to the United States declined by 5 percent, while exports to the Association of Southeast Asian Nations fell by 13.5 percent.

Zhao Zhongxiu, a trade professor at the University of International Business and Economics in Beijing, said weak manufacturing activities and a bearish housing market had triggered a decline in domestic demand for commodities, including refined oil, industrial metals and plastics.

"The trade surplus, combined with a downturn in exports and imports, complicates the country's ongoing effort to readjust its industrial structure," Zhao said.

With exports reaching 567.6 billion yuan, companies in the private sector saw export growth of 1 percent in January.

This was thanks to their diversified marketing strategies, including e-commerce platform development and moving some manufacturing facilities overseas, fast product transformation and upgrading under current global market conditions.

Zhang Jianping, director of the International Economic Cooperation Institute at the National Development and Reform Commission, said, "As a large number of factories will restart their operations after Spring Festival, China's foreign trade is likely to rebound during the second quarter."

Huo Jianguo, former president of the Chinese Academy of International Trade and Economic Cooperation, a Ministry of Commerce think tank, said financial institutions should offer more capital assistance to enterprises through orders and better performances.

"China needs to continue putting forward support measures for foreign trade to maintain moderate growth. Otherwise, declining trade will have a negative effect on the country's economic growth, especially for its State-owned enterprises," Huo said.

Developed nations - eager to compete with China through modern manufacturing business - have revitalized their exports with reindustrialization and trade protection policies.

In the past five years, China has been losing advantages - including skilled labor, sound infrastructure and industrial facilities - as many industries and orders move to other markets, including Southeast Asia and India.

zhongnan@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
阳信县| 嵩明县| 济宁市| 西城区| 高台县| 连山| 安徽省| 宁安市| 泗阳县| 鸡东县| 循化| 大港区| 余江县| 府谷县| 安岳县| 忻州市| 临汾市| 富顺县| 大石桥市| 莎车县| 怀宁县| 公主岭市| 察隅县| 尉氏县| 江口县| 巴彦淖尔市| 丁青县| 日喀则市| 昭苏县| 卓尼县| 邯郸县| 敦煌市| 瑞昌市| 伽师县| 永福县| 嵊泗县| 社旗县| 乐都县| 建湖县| 秭归县| 浮梁县|