First half of the year exports fell 21.8% in the second half of the optimistic

June China's import and export value of 182.57 billion U.S. dollars fell 17.7% Xinhua Beijing July 10 July 10, China General administration of Customs issued the first half of foreign trade import and export situation.　　Statistics show that China's export weakness in the first half of this year, the cumulative year-on-year decline of 21.8%, this decline for many years is rare. "In the first quarter we expected a 20% per cent negative growth in exports, with the latest data in line with previous expectations and in line with current international market conditions," he said.　　Zhangxiaoji, Minister of Foreign Affairs of the Development Research Center of the State Council, told reporters. In all sectors of China's economy, the export sector was the first to feel the chill of the international financial crisis.　　Since the four quarter of last year, affected by the international financial crisis, the global economy gradually plunged into a slump, external demand sharply shrinking, leading to a sharp decline in Chinese exports. Last November, China's exports diving and the growth rate dropped to a negative. In the first half of this year, exports showed a deep decline, with a decline of almost 20% per cent and a further 26.4% per cent in May.　　A slight improvement in June, the decline still amounted to 21.4%. "There is no fundamental improvement in the external demand, coupled with unfavourable factors such as trade protectionism and passive appreciation of the renminbi, making China's exports stumble in the first half of the year."　　"said Zhang, director of the National Development and Reform Commission's Macroeconomic Research Institute, foreign Economics. In response to the adverse effects of the international financial crisis, countries around the world take low interest rates and inject liquidity, such as "rescue" measures.　　After more than six months of efforts, the current world economy has shown some signs of improvement. The world economy is stabilizing, thanks to unprecedented macroeconomic and financial policy support, the IMF report said July 8.　　It is expected to shrink 1.4% this year and expect to grow 2.5% next year, a 0.6% per cent higher than in April. The United States is the source of the financial crisis. According to the report, a series of indicators suggest that the US economy is deteriorating at a slower pace, industrial production may soon be bottoming out, inventory cycles are being reversed and business and consumer confidence has improved.　　In the second half of the year, the U.S. economy will stabilize and the recovery is gradual. "The real upturn in China's export situation will ultimately depend on the pace of the global economic recovery." For now, the global panic phase has passed, but it needs to be seen whether the global economy is starting to recover.　　"Zhangxiaoji said.　　The IMF report also warns that the world economy is beginning to emerge from its worst recession since the Second World War, but the global recession is not yet over, and the downside risks to the economic outlook are much greater than the upside, and the recovery will be slow and weak. The situation is good, challenges remain, such a situation is also reflected in China's foreign trade operation.　　China's exports continued to fall deeply in June, but imports fell 12% per cent from last month. "The extent of the decline in imports is much greater than exports, suggesting that the recovery of domestic demand in China is significantly better than external demand." But from the whole year, exports will be better than the first half of the second half, the decline will gradually narrowed. Zhang predicts that China's exports will be negative for the year10% or so. At present, external demand is gradually see the bottom consolidation, China's recent stability of external demand policy will gradually be effective. In the process of coping with the crisis, Chinese export enterprises show strong adaptability and development power.　　All this, let people in the second half of the export prospects of hope. Zhangxiaoji that China's three or four-quarter export situation will improve, given the upturn in external markets and the time lag of policy. But with a higher base over the same period last year, the likelihood of a significant narrowing in exports in the three quarter is lower.　　Exports are expected to decline at around 15% a year. Exports, investment and consumption are the "troika" driving China's economic growth. Net exports contributed 0.2% per cent in the first quarter, the main factor contributing to the country's economic slowdown.