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The following article was published in our article directory on October 25, 2010.
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Financial Crisis Negative Impact on Foreign Trade Has been Basically Eliminated

Article Category: Business

Author Name: xia zihui

Christmas by the developed countries especially the United States effect the fourth quarter, China's export has always been the peak, the fourth quarter of this year, China's export growth will remain good.

Three quarters of 2010, China's foreign economic growth, which exports $ 1,134,640,000,000, up 34%, more than 5.4% over the same period in 2008; imports $ 1,014,040,000,000, up 42.4% over the same period in 2008 12.7%; cumulative trade surplus of 1039 billion; actually used 74.34 billion U.S. dollars of foreign capital, an increase of 16.58%. The above facts show that the international financial crisis on China's foreign economy has been basically eliminated the negative effects.

Since joining the World Trade Organization, China's total share of global exports increased by 0.6 percentage points per year. Although China's exports have declined sharply in 2009, but lower than the global decline in the overall level, our share of global exports rose from 8.9% in 2008 and further rose to 9.7%. According to WTO statistics, China's exports in the first half of 2010 the proportion of total global exports exceeded 10% the first time ever, reaching 10.1%, is expected to further increase the proportion of the year.

Judging from the trading partner, emerging economies and developing economies in general less affected by the financial crisis, growth is relatively fast, accounting for the proportion of China's export market has reached 51%, compared with 2009 high of 50% over the same period 1 percentage point, is to promote the rapid growth of China's exports of primary power. Main export products from the point of view, high-tech products and ships, steel products and other capital-intensive than the average growth rate of export growth, while labor-intensive products such as textiles, clothing, footwear products are lower than the average export growth rate. From the view of the nature of export enterprises, state-owned enterprises export growth was significantly lower than the average growth rate of exports, foreign growth rate is slightly lower than the average to the nature of private enterprises and other enterprises are mainly significantly higher than the average growth rate.

The current situation shows that during the crisis taken a series of measures to stabilize the external demand has played a positive role in protecting the company's effective strength and stability to the global market and efficient supply capacity, for the crisis to undertake more orders going to China to lay the foundation for , which makes possible the rapid growth of China's exports, accounting for the proportion of world exports is further increased.

It is noteworthy that, in the June 2010 reform of the RMB exchange rate formation mechanism re-started, the RMB exchange rate against the dollar, a certain margin of appreciation, improved terms of trade of China has played a positive role.

Looking to the future, developed economies will maintain a moderate recovery trend, but the unemployment rate may be high, consumption growth is slow. To maintain economic growth, the West will remain an extremely loose monetary policy. Signs of the second bottom when the economy, governments will take more efforts to stimulate the policy that the United States and Japan in the near future has been reflected. The major emerging economies will continue to maintain rapid growth.

Maintained a modest recovery in global economic situation is conducive to China's export growth and foreign investment. Christmas by the developed countries especially the United States effect the fourth quarter, China's export has always been the peak. Fourth quarter of this year, China's export growth will remain good, but because of the high base last year, export growth will continue to decline. Projected annual export growth of 28%, trade surplus of 190 billion U.S. dollars, annual foreign investment expected to exceed 100 billion U.S. dollars.

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