Commerce Minister Chen Deming: Foreign trade traders need to deal with dollar runaway impact

Morning News Minister Chen Deming, October 26, visited the 108th Canton Fair, said that in the market is generally concerned about 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 the day's inspection, Chen Deming visited a large number of exhibitors booth. "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.　　"Simply put, if the dollar is too much, it will increase the pressure on the value of the dollar and increase the value of the renminbi." "However, China's 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.