Situation not to worsen in China's 2010 foreign trade

15:57, August 18, 2010      

Email | Print | Subscribe | Comments | Forum 

China's export rose to 145.52 billion US dollars in July, up 38.1 percent year on year; China's import and export value for July was 262.31 billion dollars, up 30.8 percent year on year. Among them, imports amount to 116.79 billion US dollars.

China's import and export in June reached 254.77 billion US dollars, of which export 137.4 billion US dollars, up 43.9 percent, breaking the record set in July 2008. Both the July monthly export and the month's import and export value chalked up their records for the second month.

China's three leading foreign trade targets from January to July 2010 exceeded or surpassed the related target figures during the same period of 2008, and the total import and export value rose 9 percent, the export 5.9 percent and the import 12.7 percent.

China has shown a fairly strong economic stability in the global financial crisis. Even though the external economic environment remains unclear in the second half of 2010, people also have ample reasons to believe that the share of China's foreign trade on the world market would not drop but is likely to rise.

The scope of rise for China's general trade outstripped the rise scope for the total trade volume in the first seven months of the year. General import and export trade reached 812.11 billion US dollars, up 44.3 percent year on year, the export reached 390.12 billion dollars, up 38.3 percent, and the import 421.99 billion US dollars, up 50.3 percent.

The prices of main manufactured industrial goods have kept rising since January 2010, and the anticipated market inflation is tense, but an increase range for the resident consumption price index (CPI) has not been out of control compared to the same period of previous years thanks to effective fluidity control or recovery measures.

Moreover, owing to global extreme climate conditions and some hidden risks latent in domestic infrastructure development, China has resumed the large-quantity corn import and imported 600,000 tons of rice from Vietnam (three times the amount of rice China imported in the first half year) so that this could possible add pressure on further grain price rise on the world market.

Meanwhile, an upward surge of import mineral prices have already stimulated China's domestic production; the domestic produced iron ore output amounted to 485.03 million tons in the first half year alone, an increase of 28 percent year on year.

By People's Daily Online and contributed by Mei Xinyu, a noted researcher with the Chinese Ministry of Commerce

(Editor:张心意)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion