Mofcom predicts foreign trade growth may continue to fall next year

Source: Internet
Author: User
Keywords Go on next year.
BEIJING, November 1 (Xinhua Cui Peng) The Ministry of Commerce today released the "China Foreign Trade Situation Report (Autumn 2010)" (hereinafter referred to as "the report"), this paper reviews the operation of China's foreign trade in the three quarter of 2010 years ago, analyzes the characteristics of China's foreign trade operation and forecasts the foreign trade situation in the 2010.  "The report" pointed out that the first three quarters of this year, China's foreign trade shows a relatively rapid growth trend, import and export scale has exceeded the 2008 level, overall better than the early expected. The report believes that at present, the world economy is still in the overall recovery channel, the domestic economy continues to the direction of macroeconomic regulation and development, to further consolidate the good momentum for our country after the next few months of foreign trade continued to maintain growth created a good environment. However, the world economic recovery has slowed markedly, the space for external demand growth, coupled with the increase in the pressure of appreciation of the renminbi, China's enterprises production and operating pressure rise, and other adverse factors, is expected to continue to maintain China's foreign trade growth in the four quarter, but year-on-year growth will continue to fall.  Annual imports and exports of about 2.8 trillion U.S. dollars, up from last year about 25%. "The report" pointed out that next year China's foreign trade development has a lot of favorable conditions, but the external uncertainties are still more, the domestic factor cost is continuing to rise, business pressure increases, foreign trade situation is not optimistic. China's foreign trade is expected to continue to maintain growth in 2011, but the growth rate may fall.
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