External demand recovery increases the rapid rebound of China's exports

Xinhua Beijing, June 10 (reporter Wang Youling, Guocheng Jiang) General administration of customs 10th released data shows that May China's foreign trade exports 131.76 billion U.S. dollars, growth of 48.5%, faster than last month 18.1%, the strong growth rate of March 2007 since the new highs. Analysts pointed out that May China's high export growth of foreign trade benefited from the lower base of the same period last year, and other factors, not exceeding market expectations, but also the world economic recovery in the context of external demand for recovery growth in the results.　　Experts predict that China's foreign trade will grow steadily this year. External demand recovery to help push the rapid rebound in China's exports "China's May foreign trade data is expected." In the great atmosphere of the World economic recovery, China's foreign trade and import and export has shown a strong recovery growth momentum.　　Tan Yaling, dean of China Foreign Exchange Investment Research Institute, said in an interview with reporters. According to customs statistics, the first 5 months of this year, China's foreign trade and import and export value of 1,100,090,000,000 U.S. dollars, compared with the same period last year 44%. Exports of 567.74 billion U.S. dollars, an increase of 33.2%, imports of 532.35 billion U.S. dollars, growth of 57.5%.　　In export commodities, the export of electromechanical products maintain rapid growth, labor-intensive traditional commodity export growth rate generally accelerated.　　Zhangxiaoji, researcher of Foreign Economic Research Department of the Development Research Center of the State Council, pointed out that China's current export growth still follows the original path, the product structure and the regional structure have not changed significantly, and the way of export has not changed much.　　Zhangxiaoji said that as the United States, the European Union, Japan and other countries areas of durable consumer goods and consumer durables have a relatively rapid recovery of growth, China's processing trade exports, traditional commodity exports and mechanical and electrical products export growth faster. Customs statistics show that the first 5 months of this year, China's mechanical and electrical products exports 337.43 billion U.S. dollars, growth of 34.6%, higher than the same period of China's overall export growth rate of 1.4%, accounting for the same period of China's export value of 59.4%.　　Over the same period, traditional commodity exports have steadily increased, at a generally faster pace than in the previous 4 months, with apparel exports of 41.65 billion U.S. dollars, 13.1% per cent, and textile yarns, textiles and products exported 28.56 billion US dollars, and 29.7% per cent in furniture exports, 12.69 billion U.S. dollars, up 26.6%.　　Global share of foreign-owned enterprises ' surplus benefits the country's trade surplus was $35.39 billion trillion in the first 5 months of this year, down 59.9%, with a May trade surplus of $19.53 billion trillion, an increase of $4.42 billion from April. General Customs director Guangzu pointed out that China's foreign trade surplus is the main source of foreign-funded enterprises. Foreign-funded enterprises to China "manufacturing" and "turn to" a large number of trade surplus.　　Customs data show that the first 5 months of this year, China's processing trade surplus of 110.08 billion U.S. dollars, an increase of 12.6%, equivalent to the total surplus in the same period 3.1 times times the size. Tan Yaling said the trade deficit is good for the internationalization of a country's currency. But China is in the initial stage of market development, from the Enterprise competitionCompetitive power and product competitiveness, to maintain a certain amount of trade surplus for China's economic development is beneficial. In addition, the content of China's trade surplus is more complex. How much profit did China get from the trade surplus? How much trade surplus does the foreign-funded enterprises ' transfer to China through the production layout and processing trade in the country? These are matters of concern. "Tan Yaling said.　　She believes that China's export product brand accumulation and value chain sharing in the low-end and disadvantageous position, has not changed much.　　A field study by the Shanghai Customs found that China's HP laptops were exported to the United States, selling about $1000 trillion, with U.S. companies profiting 169.6 of dollars in sales, and Chinese companies getting a processing fee of $30.3, accounting for 3% of the price.　　The Vice minister of Commerce, Zhong Shan, said China should speed up the transformation of development mode, pay more attention to change from quantity to quality, from the low-end of international division of Labor to the middle and high-end, from accepting established rules to more active participation in making rules change, further optimizing main structure, commodity structure, market structure and trade structure. External crisis controllable expected steady growth of our foreign trade according to customs statistics, in the first 5 months of this year's bilateral trade with major trading partners, China's bilateral trade with the European Union amounted to 177.49 billion U.S. dollars, an increase of 37.4%. During the same period, Sino-US bilateral trade amounted to 138.68 billion U.S. dollars, an increase of 28.2%.　　ASEAN has become China's third largest trading partner with a slight advantage over Japan. Experts pointed out that in the import and export of China's foreign trade, the United States market is the main, the surrounding Asia-Pacific market is dominated, the export of the EU is in the context of the global financial crisis in the background of the later layout, belongs to the late power.　　Therefore, the European sovereign debt crisis on China's foreign trade import and export impact will not be too big. Zhangxiaoji said that the impact of the European sovereign debt crisis on China's foreign trade growth is not so pessimistic. The crisis may have repeated the process of world economic recovery, but the collapse of the euro is unlikely to happen.　　As most orders are settled in dollars, the negative effects of the sovereign debt crisis can be offset if only the euro exchange rate changes and EU demand continues to rise.　　Zhangxiaoji expects China's import and export trade to grow by 10% this year and the trade surplus will drop sharply. Commerce Minister Chen Deming has said on several occasions that China needs to be cautious about the "restorative recovery" of foreign trade. The Vice Minister of Commerce, Mr. Zhong Shan, made it clear in June at the Ministry of Commerce's counter subsidy response meeting that China's trade frictions have become the first target country and the biggest victim of trade frictions. The increasing trade friction weakens the international competitiveness of our export products, enlarges the difficulty of expanding the international market and increases the external risk of our economic operation.