Latest News:  
Beijing   Sunny/Cloudy    16 / 6 ℃  City Forecast

English>>China Business

Exports surge, but 2012 target may be difficult to reach (2)

By Song Shengxia (Global Times)

10:02, November 12, 2012

"The low base number in the same period last year and surging demand thanks to the traditional Christmas shopping season in Western countries are the main reasons behind the recovery of exports in October," Chen Hufei, a researcher with the Bank of Communications, said in a research note sent to the Global Times Saturday.

The customs data also showed the country's trade volume growing 6.3 percent year-on-year in the first 10 months of the year.

A breakdown by region showed that trade volume with the US, China's second largest trade partner, grew 9.1 percent in the first 10 months.

Trade volume with the EU, the country's largest trade partner, fell 3 percent over the same period.

Despite signs of a trade rebound emerging in September, when exports grew 9.9 percent as compared with a 2.7 percent rise in August, Minister of Commerce Chen Deming warned on the sidelines of the 18th National Congress of the Communist Party of China Saturday that the country still faces a tough situation in foreign trade.

Given the EU's sovereign debt crisis, shrinking world trade and China's less than 7 percent trade growth in the first 10 months, it will be very difficult for the country to achieve its annual target of 10 percent growth in foreign trade, Chen said.

【1】 【2】

Email|Print|Comments(Editor:梁军、马茜)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Devil training of PLA

  2. Weekly review of military photos

  3. Most expensive diamonds in the world

  4. Skating party for singles held

  5. Beijing experiences windy weather

  6. Taobao bonanza breaks records

  7. Small issues return partners to singlehood

  8. Angry Birds Invading China’s Mcdonald

Most Popular

Opinions

  1. Online amenities create utopia of idiots
  2. Economic ranking means less for public
  3. Commentary: What path will economy take
  4. Growth of for-profit hospitals should be limited
  5. Mahjong: to protect or to crack down?
  6. Commertary: Finding a dynamic balance
  7. Central bank to use more open-market operation
  8. Commentary: Have confidence in China
  9. Chicagoans await election with mixed feelings
  10. Confident beginning paves way for happy marriage

What’s happening in China

Weekly Photos of China: Nov 5-11

  1. State Council’s 1st Weibo
  2. Rare mutation solves murder
  3. City unlocks restrooms for public
  4. 'Grid system' ensures well-being of the elderly
  5. Singles declare love ... for online shopping