China's imports boost global economic recovery

Xinhua Beijing, October 27 (reporter Du Haitao) reporter from the General Administration of customs learned: after the international financial crisis, China has implemented a vigorous measures to expand domestic demand, China's market demand has greatly stimulated the surrounding countries and even the global economic recovery, especially since this year, China's focus on expanding the market, restructuring, promote balance, and actively expand imports,　　The huge Chinese market is favored by all parties. According to customs analysis, China's first economic recovery led to the international market crude oil, iron ore and other commodity prices rebound rapidly, the first 3 quarters of this year, China's primary product import price level cumulative rise of up to 37%.　　Excluding the price increase factor, China's imports in the first 3 quarters of the real growth of 23.8%, significantly higher than other major economies import growth, the major economies in the Chinese market, the degree of dependence on exports increased. Statistics show that in the first 8 months of this year, Japan's exports to China increased by 43.2%, compared with the overall growth rate of Japan's exports of 2.6%, China as Japan's largest export market, the status of further consolidation, the share of Japanese exports from the same period last year 18.8% rose to 19.1% U.S. exports to China grew by 35.6% per cent, a 13% higher than the overall U.S. export growth rate.　　In Germany, the European Union's economic "locomotive", Germany's exports to China rose 48.5% per cent in the first 7 months of this year, more than 3 times times that of total German exports. In the first 3 quarters of this year, China and ASEAN imports and exports amounted to 211.31 billion U.S. dollars, compared with the same period last year 43.7%, compared with the total growth rate of China's foreign trade 5.8%.　　Since the completion of the trade area, China's strong domestic demand market has become an important driving force for the export expansion of the major ASEAN member countries.　　In addition, "Eleven-Five" period, China insisted on expanding domestic demand and stability of external demand, the full use of two markets, two resources, further optimize the structure of foreign trade, import and export trade more balanced, China's dependence on developed markets significantly decreased. Customs statistics show that the first three quarters of this year, Europe and the United States and Japan, although the three advanced economies still ranked the top three of China's trading partners, but its share has been from the end of the 43.3% decline to 39.2%. With the decrease of dependence on developed economy, the pace of developing new markets in China has been accelerated obviously.　　In the first three quarters of this year, in China's top 10 trading partners, ASEAN, India and Brazil and other developing countries occupy 3 seats, of which, India, Brazil's import and export growth in the top 10 largest trading partners. Customs statistical analysis shows that "Eleven-Five" period, China's foreign trade and import and export overall still maintain rapid growth momentum, foreign trade and import and export to create a new record, import and export pattern more balanced. The structure of export products is continuously optimized, and the proportion of electromechanical products is further improved. In the first 3 quarters of this year, China's exports of mechanical and electrical products 667.72 billion U.S. dollars, an increase of 34.5%, accounting for the same period of China's export value of 58.9%, this proportion than the "XV" in the end of 2005 years further increase 3.1%.