China as a world market has become increasingly stronger
Source: Internet
Author: User
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International public opinion, China's economic vitality in the past year, the more balanced foreign trade-China as a "world market" the growing sense of existence of Beijing, January 12, Xinhua comprehensive newspaper in Japan, Tri Yin, reporters in South Korea nine morning, Sun Tianren and Pengli, a Belgian journalist, reported that China's customs administration recently released the latest data on China's foreign trade situation in 2010, which caused international public opinion to respond positively. Relevant media and economic analysts believe the data reflect China's move towards a trade balance. China's economy is vibrant and the domestic demand market is growing rapidly, bringing opportunities for economic and multinational enterprises to develop. Some media reported that China is not only "the world's Factory", China as a "global market" of the growing sense of existence. "Japan's economic news" 11th reported that after the international financial crisis, China's export recovery, together with investment continue to become the engine of China's economic growth. Meanwhile, China's trade surplus decreased by 6.4% in 2010 as imports grew more than exports. China's exports to Japan grew 23.7% from a year earlier to $121.1 billion trillion, rising 35% from Japanese imports to $176.7 billion trillion, while China's trade deficit with Japan grew 68.5% per cent year-on-year. The report pointed out that China's foreign trade and import and export volume at a record high last year, China has not only "the World Factory", but also as a "global market" of the growing sense of existence. The Asahi News is concerned about the Chinese Government's policies and measures to "aggressively expand imports", and reports that China's role as a "world market" will become increasingly influential as China's imports increase. South Korea's major media have given high priority to China's published foreign trade data, and believe that China's economic growth provides the opportunity and impetus for the Korean economy. South Korea's Yonhap news agency reported 11th that China's foreign trade volume grew rapidly last year, providing a good opportunity for South Korea's electronics manufacturers and carmakers, especially the second year in a row to occupy the world's first position in China's auto production and sales last year, demonstrating the vitality of China's economy. Zheng, a researcher at the Institute of International Trade of Korea's trade association, told our correspondent that China's economy is vibrant and domestic demand is growing rapidly, and that China will become the world's largest market. Since the outbreak of the international financial crisis, Europe, the United States and other developed countries and regions of the domestic demand market has shrunk, South Korea's exports to these countries have been adversely affected, exports to China as China's economic growth further increase. In recent years, South Korea's share of exports to China has been rising, from 21.7% in 2008 to 23.9% in 2009, to 25% in 2010. Zheng said that China's economy has given impetus to the growth of South Korea's economy and that its exports to China will continue to grow in the future as the government expands its domestic demand market. The BBC reported that in recent years, China's economic growth rate has remained around 10%, and Britain sees China as aKey export markets. British Prime Minister David Cameron has said that the United Kingdom and China to develop stronger relations, which gives Britain's trade, employment, economic growth and so on have brought opportunities. The report quoted business people as saying that China is looking forward to more international trade with its partners in China, the Chinese market is open and the investment of multinational companies is welcome. It is believed that multinationals will lose no time in exploiting this opportunity to formulate corresponding development strategies. Last December, China's trade surplus was about $13.1 billion trillion. Bloomberg Businessweek reported that the figure was lower than the 20.8 billion dollar forecast by 20 economists in the Bloomberg group. The data support the notion that China is moving towards a trade balance and rebalancing the global economy by boosting domestic consumption growth. Economists in the Hong Kong branch of the French agricultural Credit Bank said in an interview with Bloomberg that the data reflected continued external demand and very strong domestic demand in China, with less than the expected trade surplus helping to reduce the pressure on the renminbi to appreciate. China's imports have been boosted by rising consumer demand and higher commodity prices, the Wall Street Journal Online quoted analysts at BofA as saying. The analyst predicts that China's import growth may continue to outpace export growth in the coming months.
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