Latest News:  


Foreign trade faces challenges in 2013

(China Daily)

08:23, February 21, 2013

China's foreign trade still faces "challenging prospects" in 2013, despite January's significant pickup in growth, the Ministry of Commerce said.

"The January figure suggests that China's foreign trade maintained the stable growth momentum from the end of last year, and measures to stabilize foreign trade are working well," Commerce Ministry spokesman Shen Danyang told a news briefing on Wednesday.

"But trade growth in January is normal and within expectations if the impact of Spring Festival falling in January last year is taken out of the equation."

This January had 22 working days, five more than in 2012 when the seven-day Spring Festival holiday fell in the first month of the year.

"Trade prospects for the whole year remain challenging as demand in overseas markets has seen no significant improvement," Shen added.

Foreign trade in the world's second-largest economy rose 26.7 percent year-on-year in January to 2.17 trillion yuan ($345.59 billion), with exports rising 25 percent and imports growing 28.8 percent, according to the General Administration of Customs.

After adjustments due to seasonal factors, foreign trade in January eased from December's 10.2 percent and increased 8.1 percent year-on-year, with exports rising 12.4 percent and imports increasing 3.4 percent.

"Export growth in February will not be as high as the 29.6 percent year-on-year rise witnessed in the same period last year. The January and February figures should be read together to get a full picture," Shen said.

Li Jian, a researcher from the Chinese Academy of International Trade and Economic Cooperation, a think tank of the Ministry of Commerce, said real trade growth in January was at "a slow pace" and the prospects for the whole year's foreign trade are "still not optimistic".

【1】 【2】

We recommend:

New vehicles unveiled at Canadian Int'l Auto Show

Video: Facebook targeted by hackers

Sanya duty-free shops see surging sales

Juniper buries doubts on boom

3D printing reshapes manufacturing

Hongyanhe nuclear power station in NE China

Email|Print|Comments(Editor:HuangBeibei、Liang Jun)

Leave your comment0 comments

  1. Name


Selections for you

  1. China's 14th escort fleet sails for Somali

  2. Female soldiers training in cold winter

  3. Pakistanis mourn for victims of deadly blast in Quetta

  4. Impressive moments of Beijing since 1950s

  5. Exploring top private clubs in China

  6. Employees punished to run half-naked

  7. Mo Yan's Our Jing Ke: Downfall by design

  8. Glamor Zhang Xinyi's street style

  9. Liquor makers fined for price monopoly

  10. Keeping the brand full of beans

Most Popular


  1. Keeping the brand full of beans
  2. Brighter outlook for property companies
  3. Lantern Festival losing its luster
  4. How to build new type ties between big powers?
  5. Diplomacy to help China become global power
  6. Commentary: China sees Africa as true friend
  7. Mind your manners
  8. Football penalties 'too soft'
  9. Juvenile crime rules 'hard to follow'
  10. CCTV's Spring Festival Gala: Glory days gone

What’s happening in China

Surrealistic impression shown in fog

  1. Companies struggle to find, keep workers
  2. City experiences sudden baby boom
  3. China mulls BBQ ban in major cities
  4. City bids farewell to young hero
  5. Overfishing depleting sea resources