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China to address gloomy foreign trade with structural shifts

(People's Daily)

16:25, February 14, 2012

Chen Deming, minister of Commerce, delivers a speech in a conference. (Public Business Information & News Center/ Li Baojun)

Edited and translated by People's Daily Online

China’s foreign trade has seen an obvious downward trend since the second half of last year. In January 2012, both exports and imports declined partially because of seasonal factors, but it also reflects the increase of unstable and uncertain factors facing foreign trade development.

According to customs statistics, the total import and export value of China’s foreign trade in January saw a year-on-year decrease of 7.8 percent, of which exports registered a decrease of 0.5 percent and imports 15.3 percent.

Chen Deming, minister of Commerce, said that China will continue to promote structural adjustment and transformation upgrading for foreign trade. To be specific, China will support enterprises to gradually expand to high-end of industry chain, promote enterprises’ core competitiveness and increasingly create new advantages for competing in foreign trade by means of increasing research and development efforts, cultivating self-owned brands, perfecting marketing network and other means.

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Email|Print|Comments(Editor:马茜)

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PD User at 2012-02-1546.105.116.*
"Circulation"? You mean "Distribution"?
Robert at 2012-02-1459.161.166.*
They feared about china growth.Thats why they are searching ulternative ways to stop the growth of china.With the help of WTO which is countrolled by western powers they are doing these things.It"s all fraud about the currency value of different countries.Due to the variation in the currenny variation lot of countries are in the poverty and very far from the confortabilities of technologies.But they suffered due to climate changes and environmental bad effects which are mainly due to developed nations.I think the condition may change in future.
  

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