Although China's foreign trade is still in a period of decline, a series of indices indicate that foreign trade is showing signs of stabilizing.
Yao Jian, spokesperson for the Ministry of Commerce, disclosed on August 18 that China's new export orders index stood at 52.1 percent in July, up 0.7 percentage points month-on-month, and exceeding 50 percent for the third consecutive month since May. China's Containerized Freight Index stood at 858.63 on August 14, up 9.08 percent month-on-month. In the first half of 2009, foreign trade cargo handling at ports above the designated scale increased by 0.2 percentage points year-on-year, while total foreign trade cargo handling between January and July 2009 accelerated by 1.9 percentage points year-on-year. All these indices indicate that China's foreign trade is showing signs of stabilizing.
By People's Daily Online