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 / Economy

China set to miss 10% trade target

By Wei Tian (China Daily) Updated: 2012-11-29 11:16

China may miss the 10 percent growth target for its trade sector this year, but will see moderate recovery next year amid still sluggish external demand, China's top trade official said on Wednesday.

"Trade growth speed may be slower than the goal we set at the beginning of the year, but China's share of global trade will remain at a steady level, if not further expanded," said Commerce Minister Chen Deming.

Although Chen said a more precise estimate won't be ready until the entire year's trade data is released, he suggested the situation will improve in 2013, in which growth in the second half will also be faster than in the first.

Customs data showed that the nation's total trade volume grew 6.3 percent year-on-year in the first 10 months of 2012, in which exports increased by 7.8 percent, and imports grew by 4.6 percent, resulting in a trade surplus of $180.23 billion.

Despite the pessimistic figure, Chen said the structure of foreign trade has been optimized, with mechanical and electrical products, exports from central and western provinces, and exports to emerging markets all playing a bigger role.

"But there are still a lot of uncertainties," he added.

According to Chen, global trade volume is expected to grow by just 2.5 percent this year, 2.5 percentage points lower than the previous year and much lower than the average of 6 percent over the past 15 years.

Qiao Hong, chief economist for China at Morgan Stanley, said there should not be much optimism about external demand next year, as the ongoing eurozone crisis continues to have a negative impact.

Qiao estimated that the contribution of exports to GDP growth will be minus 0.4 percent this year, and it will fall even further in 2013 to lower than minus 0.5 percent.

"The years 2013 and 2014 will still be the darkest hour before the dawn," she said.

Qiao's views were echoed by Ha Jiming, vice-chairman for China at Goldman Sachs Group Inc, who said: "It is hard for China's exports to grow further unless customers on the moon buy our products."

Qiao said the largest employing sector in China would no longer be exporters, but the service industry.

"The current employment level of the service sector is just 20 percent, compared with 70 percent in the United States, so there is still huge room for development."

"Without doubt the growth rate of exports will be slower than that of GDP, " Ha said.

Chen said China contributed more than 20 percent to global economic expansion in 2011, and its imports in the year were worth $1.7 trillion.

Meanwhile, the weight of trade surplus in the country's total economic output has come down from 7.6 percent in 2007 to 2.1 percent in 2011, comfortable by global standards.

Judging from the economic cycle, the global economy will remain in a trough in the long term, Chen said. As a result, the global environment remains tough.

Since 2008, countries have issued 858 trade protection clauses, Chen said, citing statistics from the World Trade Organization.

"We hope that countries could abandon the immune practice, and agree to oppose all kinds of protectionism, and insist on opening up."

weitian@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 91久久精品一区二区三区 | 亚洲日本视频在线 | 亚洲欧美日韩另类精品一区二区三区 | 欧美特黄一区二区三区 | 久草免费在线观看视频 | 成人久久久观看免费毛片 | foot国产女王脚视频 | 男女午夜爱爱久久无遮挡 | 99久久精品国产一区二区小说 | 香蕉视频一级片 | 成人免费夜片在线观看 | 9191精品国产免费不久久 | 三级黄色毛片视频 | 亚洲一区二区视频 | 午夜一级毛片免费视频 | 免费看成人www的网站软件 | 人碰人碰人成人免费视频 | 成 人 亚洲 综合天堂 | 国产一区精品 | 久久香蕉国产线看免费 | 一本一道久久综合狠狠老 | 毛片大全免费 | 国产精品天堂avav在线 | 欧美精品综合一区二区三区 | 亚洲视屏在线观看 | 精品综合久久久久久98 | 亚洲免费在线 | 97影院理伦在线观看 | 久久青草热 | 久草网视频在线 | 美女国产在线观看免费观看 | 亚洲第一区香蕉_国产a | 成人精品国产亚洲欧洲 | 国产精品久久毛片 | 欧美第一网站 | 国产爽的冒白浆的视频高清 | 国产香蕉尹人综合在线观 | 精品免费久久久久国产一区 | 免费男女视频 | 久久欧美精品 | 性欧洲精品videos' |