Chen Deming: China's foreign trade needs to deal with the impact of imported inflation

"Caijing comprehensive report" October 26 Xinhua News Agency, Commerce Minister Chen Deming visited the 108th Canton Fair on 26th, said the world economy, although the recovery process, but multiple indications that the process of recovery is slow, complex and fragile, there are a large number of uncertainties.　　He pointed out that, in addition to market-wide interest in exchange rate fluctuations, raw materials and labor costs rise, and other factors, China's foreign trade still need to face the U.S. currency issue "runaway" and global commodity prices sharp rise and other major problems. The Canton Fair is seen as a barometer and vane for China's foreign trade. In recent years, to attend the Canton Fair, and business talks and close to understand the actual situation, has become Chen Deming's "routine homework."　　During the day's inspection, he visited a large number of exhibitors booth, learned that the Canton fair since the opening of the total turnover has exceeded 25 billion U.S. dollars, compared to the previous period increased by more than 11%. "Although the number of businessmen to decline, but the turnover is rising, which indicates that the proportion of effective merchants is improving, indicating the global economic recovery, but the recovery process is tortuous and complex."　　"he said.　　In the Canton Fair, Chen Deming focused on the exhibitors to understand the rising labor prices, raw material prices, rising exchange rates on foreign trade enterprises caused by the impact. "From the current situation, companies have been in the exchange rate changes, labor price increases and other factors have been considered and prepared." "But the uncertainty caused by the current problem is even more difficult because of the uncontrolled release of the dollar and the continuing rise in international commodity prices, which is bringing in an import inflation ' shock ' to China," Mr Chen said. "However, our enterprises are also actively considering the response to these factors, I believe that next year, China's exports are still stable growth, imports will have a more substantial growth."　　"said Chen Deming.　　Chen Deming also said that the "Twelve-Five-year" period, China's foreign Trade Development mode is focused on the structure, quality, technology, standards for the transformation, at the same time, the Ministry of Commerce will help foreign trade enterprises gradually into the domestic market. "believe that after several years, especially in the ' Twelve-Five ' period, China's foreign trade structure will have a great change and upgrade, the internal trade market will be integrated." In my opinion, China's domestic market will obviously overtake Japan as the world's second largest domestic market in the future. ”