Import first in export recovery export positive right in front of

Data from the general Administration of Customs on 11th showed that the total value of imports and exports of China in November was rising for the first year. Exports were still slightly lower year-on-year, but the decline was the lowest in the year, imports year-on-year growth rate for the first time by negative positive.　　The November trade surplus was $19.093 billion trillion, down 4.895 billion dollars from last month.　　　　Analysts said the November import and export data continued the good momentum in recent months, import-led growth is expected to lead to a rebound in exports. Import first recovery November, the total exports of 113.653 billion U.S. dollars, 5 consecutive months, a small decline of $1.2%; imports 94.56 billion U.S. dollars, year-on-year growth of 26.7%, the first rate of growth from negative to positive.　　After a seasonal adjustment, exports fell 0.3% in November, and imports grew by 22.2%. Liu Nenghua, a researcher at the Bank of Communications Finance Research Center, said that the Year-on-year import positive was related to the rapid recovery of the domestic economy and the lower base of the same year. The first 11 months of urban fixed asset investment to maintain rapid growth, the month above the scale of industrial growth of 19.2% year-on-year, faster than the same month 13.8%, 7 consecutive months year-on-year growth rate, CPI also from negative positive. Strong domestic demand has led to imports of commodities such as raw materials.　　In addition, in November 2008, China's imports fell 17.9% year-on-year, the lower base is also conducive to a sharp rebound in November this year. Shanghai Securities Macro Analyst Zhouyi pointed out that China's processing trade accounted for a large, import growth is expected to lead to a continued rebound in exports.　　Among the imports, major commodity imports have grown in varying degrees. Customs statistics show that in January-November, our imports of primary products 254.29 billion U.S. dollars, down 26%.　　　　Imports of major commodities have increased in varying degrees, with iron ore imports of 570 million tonnes, 38.4% per cent, 37.77 million tonnes of soybean imports, 10.6% per cent in imports of industrial products and 638.73 billion U.S. dollars, down 10.9%. Export weak recovery November export decline narrowed but not positive. This is mainly because the global economy is recovering, but the foundation remains fragile, Liu Nenghua said. The unemployment rate in major economies is high, and credit has not yet been fully restored, curbing some consumer spending.　　November 2008 China's exports fell only 2.2% year-on-year, the base is still high, this is the November export year-on-year growth has not been a positive factor. In export commodities, the export of the main labor-intensive products is generally smaller. According to customs statistics, in January-November, China's main labor-intensive products exports fell less than the same period of total export decline of 18.8% of the level, of which clothing and clothing accessories exports down 11.6%; textile yarn and fabric exports fell 11.2%; footwear exports fell by 6.1%; furniture exports fell by 7.9%. In the same period, China's mechanical and electrical products exports 635.08 billion U.S. dollars, down 16.7%, accounting for the total value of China's exports 59.3%. of which electrical and electronic products export 267.8 billion U.S. dollars, down 15.7%, machinery and equipment exports 210.3 billion U.S. dollars, down 15.3%. Affected by the reduction in consumer spending such as the US, analysts generally believe that China's exports will rebound in 2010. Zhouyi pointed out that in the new "sustainable and balanced growth framework", the United States will reduce excessive consumption, China and other high trade surplus countries will reduce dependence on exports. Affected by the low base this year, exports are expected to return to about 15% growth in 2010, but before the crisis, high export growth and high surplus is difficult to reproduce, the contribution of exports to GDP will be lower than before the crisis.