Latest News:  
Beijing   Cloudy/Overcast    27 / 20 ℃  City Forecast

English>>China Business

Revitalizing China's gloomy exports (3)

By Lan Xinzhen (Beijing Review)

08:15, September 26, 2012

Although China's trade volume was rated the world's highest in 2011, China's foreign trade development remains unbalanced, according to Shi. Since 60 percent of Chinese exports are from the processing trade and lack independent brands and distribution networks, foreign companies and retailers are earning large profits. "Under this blanket of low profits, heavy losses will be inflicted upon Chinese enterprises when market demands decrease," said Shi.

The goal of export growth in 2012 set by the Chinese Government is 10 percent, which is hardly ambitious but still difficult to achieve.

Li Jian, a research fellow at the Chinese Academy of International Trade and Economic Cooperation (CAITEC) affiliated with the Ministry of Commerce (MOFCOM), said that at present trade-related policies, including those on tax rebates, credit and renminbi exchange rate, are all stable. The CPI growth has remained low, and so the cost pressure of China's export-oriented enterprises is somewhat alleviated.

"The biggest variable factor affecting China's exports is still external demand, and the external environment is still not optimistic," Li said.

【1】 【2】 【3】 【4】 【5】


Leave your comment0 comments

  1. Name


Selections for you

  1. Weapons in PLA videogame Glorious Mission

  2. Mad mud carnival in Turkey

  3. Crackdown uncovers market malpractice

  4. Athletic stars' wedding

  5. Retired swimmer Zhou Yafei's wedding photos

  6. Take the iPhone 5 apart

Most Popular


  1. Aircraft carrier brings timely morale boost
  2. Palestine faces difficulties amid Arab upheaval
  3. Theft of Diaoyu Islands risks China-Japan trade ties
  4. Japan defies post-war int'l order, China's goodwill
  5. Tokyo's stance on Diaoyu Islands 'unacceptable'
  6. Supervision shields officials from graft
  7. Microsoft wisely teams with Beijing to fight piracy
  8. Japan needs examination of wartime aggression
  9. Is Chinese economy sliding into dangerous position?
  10. Naval expert: Aircraft carrier will play a major role

What's happening in China

First police sports games held in Jilin

  1. New generation of workers demands more respect
  2. Breast cancer mortality rate rising in China
  3. Suspect sought in college killings caught by police
  4. Xi'an police pressure rioters to surrender
  5. Gold moon cakes not about the glitter

China Features

  1. How to pan for gold in cultural investment fever
  2. How are elegant Miss Etiquettes 'produced'?
  3. Co-production helps Chinese films go global
  4. Caution: Traps behind credit card use
  5. A visit to world's oldest Buddhist pagoda

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture