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

English>>China Business

Revitalizing China's gloomy exports

By Lan Xinzhen (Beijing Review)

08:12, September 26, 2012

STRONGER EXPORTERS: Workers assemble excavators at a factory belonging to Hunan Sunward Intelligent Equipment Co. Ltd. The company's products are exported to more than 60 countries and regions (LONG HONGTAO)

How can China's exports rebound? This is a question Shi Shiwei thinks about almost obsessively. Shi, a professor at the University of International Business and Economics and a scholar of Sino-EU trade, hopes he can do something to lift China's gloomy export numbers.

"The severe economic situation naturally makes people think of expanding domestic demand. That's important, but this doesn't mean we'll give up on exports," Shi said.

On August 24-25, Premier Wen Jiabao paid a visit to Guangzhou, Foshan and Dongguan in Guangdong Province to investigate the economic situation and proposed that targeted measures be adopted to promote exports and stabilize economic growth.

Shi believes the reason Premier Wen is focused on export growth has to do with the weak foreign trade.

According to figures released by the General Administration of Customs, in the first eight months of this year, China exported $1.31 trillion worth of goods, up by 7.1 percent over a year ago. Exports of general trade grew by 7.7 percent and those of processing trade climbed 3.5 percent. In August, year-on-year growth of exports rose slightly to 2.7 percent from 1 percent in July, but fell dramatically from 11.3 percent in June. "China's exports now face big difficulties," Shi said.

The Chinese Government has already taken action to boost exports, including raising the tax rebate to 17 percent from 13-15 percent of some exported goods, such as furniture, garments and toys.

"We are earnestly implementing the State Council's measures of stabilizing foreign trade growth and reducing export costs for enterprises," said Jiang Yaoping, Vice Minister of Commerce, at a press conference on August 28.

【1】 【2】 【3】 【4】 【5】

News we recommend:
China, US battle over auto parts New Silk Road future of trans-Eurasian freight Islands 'purchase' hurts major industry sectors
Global mobile brands find lines busy in China Tough times in the bicycle rental business Gearing up for knowledge economy
Grape expectations from Argentina  New hurdle for Japan's carmakers Secrets of a successful PE firm


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