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The Ministry of Commerce: Foreign Trade Situation is Grim, Consumer Demand is St

Source: Yiwu sourcing agent    Author: Gary      Date: 2012-02-18

  The Commerce Department on the 16th held the regular monthly press conference, spokesman Shen Danyang at the meeting in response to the import and export growth in January "double down", the actual use foreign investment decreased, the slowdown in consumption growth and other hot topics.

    Import and Export "double down" don’t appear so many years, is not a turning point

    According to customs statistics, in January 2012, China's foreign trade import and export value is $ 272.6 billion, down 7.8% over the same period last year which export value is $ 149.94 billion, down 0.5 %; import value is 122.66 billion U.S. dollars, down 15.3 %. Trade surplus is 272.8 billion U.S. dollars.
   "Decline in the import and export of a single month at the same time, indeed for many years have not been the case, but in accordance with the laws of the past, due to the Spring Festival, the first quarter foreign trade there will be fluctuations in varying degrees. Foreign trade enterprises are generally export before holiday. In addition, in January of this year, the legal working day only 17 days, less than the same period last year four days, so the month data does not indicate the development trend of foreign trade. "said Shen Danyang.
   However, Shen Danyang also said although according to seasonally adjusted data analysis that imports and exports in January there is still some growth, but growth has continued decline as the last month. This is the downward pressure of the world economy, the United States and Europe and Japan, China's major trading partners of economic fatigue grow, consumer demand decline, high unemployment, import demand, especially due to the decline in demand for consumer products.
    On the whole, Shen Danyang pointed out that the foreign trade situation does not optimistic, but we cannot only look at this month's data concluded that the so-called turning point has come, or the annual foreign trade growth there will be a continuing downward.
    The Commerce Department together with the relevant departments study the way to maintain the foreign trade steady growth, from many perspective to easing the financial pressure to reduce the burden on businesses, to help enterprises respond to trade friction, improving the export credit risk protection mechanism and to improve the level of trade facilitation to support enterprises tide over the difficulties. At the same time, continue to adhere to a policy of actively expanding imports, efforts to promote the balanced development of foreign trade.



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