China's exports surge in February cautious optimism of former senior officials

China News agency, Beijing, March 10 (Xinhua Zhao Jianhua Liu Yuying) on the February surge in China's exports, the Chinese Ministry of Commerce, the former deputy minister Wei suspected that this is temporary, not normal.　　"Significant replenishment of overseas importers has led to growth in Chinese exports," he said.　　China's exports surged 45.7% per cent year-on-year in February, according to Chinese customs 10th, even as China's exports grew by 8.2% compared with the February 2008 before the financial crisis, when exports grew strongly.　　Wei, a member of the CPPCC in Beijing, said that according to the survey, in Guangdong, Fujian and other coastal areas of China, processing enterprises received orders in the short term, the long-term orders are less. Wei that long-term orders less means that overseas importers are still not optimistic about the economic outlook, still hesitant, wait and see, dare not blindly under long-term orders.　　Therefore, China cannot be overly optimistic about the export situation. The former official of the Ministry of Commerce suggested that the Government should maintain policy continuity and stability and continue to implement export-backed economic policies, including export rebates.　　He also referred specifically to the renminbi exchange rate and hoped that the renminbi would remain stable. For the renminbi exchange rate, the CPPCC member, the State Council Development Research Center researcher Zhangxiaoji said that the exchange rate is only a factor affecting exports, China's 2/3 of the export of foreign exchange sensitivity is weak, the remaining 1/3 of the exchange rate more sensitive.　　If the renminbi's appreciation leads to a decline in Chinese exports, US companies that set up factories in China will also suffer losses. Zhangxiaoji also said that the reason why most Chinese companies want the renminbi to stabilize is to make it easier to account for their own costs and benefits. If the exchange rate changes frequently, it is difficult for exporters to make accurate forecasts.