www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Domestic consumption

Domestic market key for future

By Ding Qingfen (China Daily) Updated: 2011-09-17 07:22

BEIJING - With exports sagging in the face of the global debt crisis, China's manufacturers should look to cash in on domestic demand, said the deputy minister of commerce.

"The growing domestic consumption market is turning into a platform where local companies could expand market share and enhance competitiveness globally," Wang Chao said at the Future of China and the World Trade Organization forum in Beijing on Friday.

"China is becoming one of the most important parts of the world market thanks to its growing economic scale," he said.

China's exports in August pulled back from a record high and were outperformed by imports in annual growth.

The nation's trade surplus last month dropped sharply to $17.8 billion, down 43 percent from July, the first time it had narrowed in six months.

Wang's remarks come as the European debt woes that involved Greece, Portugal and Ireland have spread to larger economies such as Spain and Italy, which economists believe will hurt the Chinese exports.

Additionally, increasing labor and raw material costs, and the rising yuan, are putting the squeeze on exporters.

"Although exports will continue to grow, the prospects are not optimistic over the next one to two years," said Wang Tao, head of China economic research at UBS Securities.

"Developing the domestic market is a good alternative and will be a must-do for Chinese manufacturers in the long-term," she said.

In its 12th Five-Year Plan (2011-2015), the Chinese government pledged to expand domestic consumption by raising individual incomes and improving social welfare.

"China's economy relies heavily on manufacturing and exports, resulting in over-investment and excessive capacity in certain industries. Achieving a better balance between external and domestic demand is a big challenge for China in the next decade," Pascal Lamy, director-general of the WTO, said in an article for the forum.

Yet exporters have already been looking at local markets.

"We want to shift to promote sales at home," said Chen Xi, manager of Wenzhou Dongyi Shoes, a mid-scale exporter which experienced decreasing overseas demand over the last few months.

China is now the largest exporter and the second largest importer worldwide. The nation is the largest developing nation - and the second largest worldwide after the United States - in absorbing foreign direct investment.

"Since China's entry into the WTO, China's economy has made remarkable achievements and the nation has also made a sizable contribution to the world economy," Wang said.

The Chinese government is also working on measures to boost domestic sales of goods originally produced for exports.

"We also welcome foreign companies tapping the domestic market," said Wang at the forum, which was held to commemorate the 10th anniversary of China's WTO accession.

Li Jiabao contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 仑乱高清在线一级播放 | 成人免费视频在 | 日本欧美国产精品 | 暖暖日本在线播放 | 国产日韩高清一区二区三区 | avav在线看| 手机看片日韩日韩韩 | 男人天堂男人天堂 | 欧美一区二区三区视视频 | 美女性视频网站 | 日日摸人人拍人人澡 | 日产一区两区三区 | 美女一级毛片视频 | 亚洲欧洲日韩在线 | 国产中文在线视频 | 特级淫片日本高清视频 | 精品视频免费在线观看 | 国产手机在线精品 | 完全免费在线视频 | 中文字幕一区二区三区有限公司 | 亚洲99久久久久综合 | 国产精品怡红院在线观看 | 亚洲国产一区二区三区最新 | 亚洲一区二区三区中文字幕 | a级片在线免费观看 | 国产一级一级一级国产片 | 欧美一区二区免费 | 免费一级a毛片免费观看欧美大片 | 精品国产爱久久 | 国产猛烈无遮掩视频免费网站男女 | 男女很舒服爽视频免费 | 国产一在线精品一区在线观看 | 一级在线观看视频 | 日韩亚洲综合精品国产 | 免费国产成人午夜在线观看 | 欧美片欧美日韩国产综合片 | 国产成人一区二区三区在线播放 | 中国女警察一级毛片视频 | 伊人色综合久久成人 | 在线看日韩 | 久草免费在线观看视频 |