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• Weak export demand hits trade surplus in 2011

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  开发区贸促网 天津

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  Weak export demand hits trade surplus in 2011

  China's trade surplus narrowed to $160 billion in 2011, from a year earlier, as export demand weakened in the United States and Europe, the Ministry of Commerce said on Thursday.
  
  And the outlook for exports in 2012 is "severe" but foreign trade will be "more balanced" with measures to boost imports, officials from the ministry said during the annual National Commerce Work Conference in Beijing.
  
  The trade surplus last year declined by 15 percent from a year earlier to $160 billion, Chen Deming, minister of commerce, said during his keynote speech at the two-day conference which started on Thursday.
  
  Chen highlighted the major tasks that the ministry will undertake in the coming year, including stabilizing exports, increasing imports and balancing foreign trade. companies".
  
  Exporters are facing a number of issues, Jin Yonghui, director-general of the Zhejiang Department of Commerce, said.
  
  "Growing trade remedy cases, downward global economic pressures and rising labor costs are the biggest concerns of exporters (in Zhejiang province)." Zhejiang is a leading export province.
  
  Liang Yaowen, director-general of the Department of Foreign Trade and Economic Cooperation of Guangdong province, said that companies in the nation's largest export region are under pressure.
  
  "Foreign trade will probably grow by single digits this year," compared with 16 percent in 2011, Liang said.
  
  To stabilize exports emerging markets will be prioritized.
  
  China will organize a trade fair in Tanzania, East Africa, in June, the first of its type, in a bid to promote domestic products, Wang said.
  
  China has organized trade fairs in the US and Europe.
  
  Exports to developing nations in 2011 grew by 30 percent, and by 17 percent to developed nations, Wang said.
  
  Measures will be introduced to transfer orders from coastal areas to central and western regions, he said.
  
  Chen said in his speech that exporters would be encouraged to add value and conduct research.
  
  China recently approved and announced the establishment of 59 export bases nationwide in a bid to help promote overseas shipments of traditional goods, including garments, shoes, and suitcases.
  
  • 06 Jan 2012, 09:58 am
  开发区贸促网 天津 wrote: > China's trade surplus narrowed to $160 billion in 2011, from a year > earlier, as export demand weakened in the United States and Europe, > the Ministry of Commerce said on Thursday. > > And the outlook for exports in 2012 is "severe" but foreign trade > will be "more balanced" with measures to boost imports, officials > from the ministry said during the annual National Commerce Work > Conference in Beijing. > > The trade surplus last year declined by 15 percent from a year > earlier to $160 billion, Chen Deming, minister of commerce, said > during his keynote speech at the two-day conference which started on > Thursday. > > Chen highlighted the major tasks that the ministry will undertake in > the coming year, including stabilizing exports, increasing imports > and balancing foreign trade. companies". > > Exporters are facing a number of issues, Jin Yonghui, > director-general of the Zhejiang Department of Commerce, said. > > "Growing trade remedy cases, downward global economic pressures and > rising labor costs are the biggest concerns of exporters (in Zhejiang > province)." Zhejiang is a leading export province. > > Liang Yaowen, director-general of the Department of Foreign Trade and > Economic Cooperation of Guangdong province, said that companies in > the nation's largest export region are under pressure. > > "Foreign trade will probably grow by single digits this year," > compared with 16 percent in 2011, Liang said. > > To stabilize exports emerging markets will be prioritized. > > China will organize a trade fair in Tanzania, East Africa, in June, > the first of its type, in a bid to promote domestic products, Wang > said. > > China has organized trade fairs in the US and Europe. > > Exports to developing nations in 2011 grew by 30 percent, and by 17 > percent to developed nations, Wang said. > > Measures will be introduced to transfer orders from coastal areas to > central and western regions, he said. > > Chen said in his speech that exporters would be encouraged to add > value and conduct research. > > China recently approved and announced the establishment of 59 export > bases nationwide in a bid to help promote overseas shipments of > traditional goods, including garments, shoes, and suitcases.