Chen Deming: This year's foreign trade decline of about 16% next year complicated

Source: Internet
Author: User
Keywords China this year Chen Deming international Finance China
Tags agency business close compared direct direct investment economic economic growth
China News agency Beijing Ten mid-spring 24th Xinhua reporter from 24th held here in 2009 China National Business Conference learned that this year's total foreign trade is expected to close to 2.2 trillion U.S. dollars, the decline of about 16%.  Compared with the rapid growth since the reform and opening up, especially after the entry of WTO, the international financial crisis has caused a sharp contraction in foreign trade, which is undoubtedly the most severe impact on China's exports this year.  According to Chen Deming, China's commerce minister, China is expected to use about $85 billion trillion in actual foreign investment this year, down about 8% per cent, and non-financial outward FDI of $42 billion, a slight increase from last year's, and a turnover of more than 70 billion U.S. dollars in outsourcing projects, up more than 20% per cent.  It is worth pointing out that the total retail sales of consumer goods in China this year is expected to exceed 12.5 trillion yuan, to more than 15% of the high growth, Chen said that consumption of China's economic growth has significantly enhanced the pull, in order to successfully withstand the impact of the international financial crisis played an important supporting role. For next year's foreign trade situation, Chen Deming thought "extremely complex", although the world economic situation has improved but the foundation is unstable, the recovery process will be slow and tortuous.  Chen Deming, in particular, said he was concerned about the possible withdrawal of economic stimulus from the world in the second half of next year, and he personally predicted that China's foreign trade might need to be years or even longer to return to 2008 levels. Chen Deming's analysis points out that at present, most countries ' economic rebound is the result of strong policy stimulus, the residents ' willingness to spend is still weak, the investment will is not strong, the capacity utilization is still low; unemployment in the US and Europe has climbed to around 10%, the employment situation has lagged behind the economic recovery and will further affect residents ' income and consumption  Energy conservation and environmental protection to lead a new round of world economic growth conditions are not yet in place, the international financial sector risks have not been completely eliminated, oil and other low-level commodity prices and the dollar exchange rate shocks may intensify. Chen also said that carbon tariffs could become a new focus of trade frictions in the coming years, and that trade frictions will accompany China's peaceful development. It is known that the number and amount of trade frictions that China suffered in 2009 were the highest in history. As of November, a total of 19 countries and regions launched various trade relief investigations in China, involving a total amount of about $12 billion.

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