Experts say the euro plunge could affect China's exports to Europe in the third quarter

BEIJING, May 19 (Huang Rui) China's Ministry of Commerce, the President of the Institute of International Trade and Economic Cooperation Jianguo said here, the current decline in the euro is likely to lead to China's third-quarter exports to Europe, China's electromechanical industry or affected by the larger proportion of China's exports to Europe the largest share of goods.　　The ministerial seminar on financial crisis and economic recovery in developing countries, hosted by the Ministry of Commerce and organized by the International Business Officials Institute of Commerce, was held this week in Beijing, with a number of Chinese economists, including Jianguo, and representatives of foreign ministers attending the seminar.　　In response to the European sovereign debt crisis, the spread of the market to two of the global economic concern, Jianguo said at the symposium, comprehensive U.S. economic recovery and the current international economic situation, the European crisis has not caused the world economy two dip. Jianguo Analysis said that the current U.S. economic recovery is progressing smoothly, the domestic market demand has started, such as the recent U.S. private consumption indicators and housing construction efforts are on the rebound.　　The start of domestic demand in the United States will help its next economic growth. In view of the current strong growth in China's domestic demand, Jianguo expects China's total trade surplus to fall to hundreds of billions of dollars in 2010.　　2010 years ago 4 months, China's trade surplus of 16.11 billion U.S. dollars, a year-on-year decline of 78.6%. Cheng, vice chairman of the NPC Standing Committee, also attended the symposium, which revealed that there are now 20 provinces in China considering adjusting the minimum wage according to inflation rate.　　He pointed out that the adjustment of wages according to the inflation rate should be one of the three systems to increase the wages of the people, the other two in order to make people's income and economic growth synchronized, according to the economic growth of enterprises to increase workers ' wages. It is reported that the seminar lasted 7 days, from Uganda, Ghana, Zimbabwe, Montenegro, Papua New Guinea, Ecuador, Thailand, Nepal, the Philippines and other 20 countries, 38 ministerial officials and aides will be on the world economic recovery and the transformation of China's economic development patterns and other topics of discussion,　　And will go to Shenzhen site to investigate China's response to the financial crisis, to achieve economic recovery experience. In recent years, the Chinese government has intensified its efforts in the field of human resources development, and has invited 120,000 officials and technicians from more than 170 countries and regions to China to attend various seminars and training activities held by China, covering more than 20 fields such as agriculture, trade, education and health.