Latest News:  


Stable recovery for exports

By BAO CHANG  (China Daily)

08:23, April 19, 2013

China's exports saw a stable recovery in the first quarter thanks to an effective stabilization policy and a rebound in international market demand.

However, the outlook for exports for the whole year may not be so optimistic due to changing foreign demand, the rising cost of raw materials and fierce market competition, Ministry of Commerce spokesman Shen Danyang said on Thursday.

He said these factors will result in a big fluctuation in the volume of monthly exports in 2013.

According to ministry data, China's first-quarter foreign trade was valued at 6.12 trillion yuan ($990.2 billion), up 13.4 percent year-on-year. Exports volume for the period was 3.2 trillion yuan, an 18.4 percent year-on-year increase, while imports grew 8.4 percent to 2.9 trillion yuan for the first three months.

China's trade with the United States increased 10.8 percent, and with the Association of Southeast Asian Nations rose 15.5 percent. Sino-South African trade increased 62.1 percent annually, 48.7 percentage points higher than the growth of China's total foreign trade.

Trade between China and Japan fell 10.7 percent from the same period last year, the ministry said.

Chen Hufei, a researcher at the Bank of Communications, said: "The improved foreign-trade environment in the global market will help drive the fast growth of Chinese exports." Meanwhile, the nation's demand for imports is also surging, to help ease the nations trade surplus, said Chen.

For the first quarter, China's trade surplus stood at 270.5 billion yuan.

Shen said the revival of China's exports benefited from a modest turnaround in the international economy, as economic recovery in the US, Europe, Japan, India and Brazil has accelerated.

A poll by the ministry of 1,900 foreign-trade enterprises nationwide shows that orders received by exporters have rebounded, and that exporting confidence is also recovering, with 38.7 percent of these enterprises reporting an increase in the value of their export orders in March.

Growth in short-term orders and orders to large enterprises also drove the increase in exports.

Orders received by exporters with a trading scale of more than $100 million accounted for 42.7 percent of China's export orders in March, the ministry said.

Furthermore, the number of customers and clients at the ongoing Canton Fair in Guangzhou is up on last year.

【1】 【2】

We Recommend:

Apple CEO apologizes over China warranties

Nokia closes its flagship store in Shanghai

The 10 most expensive houses in China

$52 million super luxury yacht

The many stories behind Apple's bite on its logo

Looking abroad for a new home

Email|Print|Comments(Editor:WangXin、Gao Yinan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Naval taskforce training in west Pacific Ocean

  2. Chinese navy conducts live-ammunition fire drill

  3. Funeral of Thatcher at St. Paul's Cathedral

  4. Test processes of H7N9 suspected case

  5. Tornado and hailstorm hit China's Guizhou

  6. Visiting inmates with AIDS

  7. 5th Changlong Miss Bikini Competition kicks off

  8. Gymnastics titbits: beautiful phantoms

  9. Poultry industry under pressure

  10. Sino-Gulf FTA 'may be signed this year'

Most Popular


  1. Alliance sets new stage for culture
  2. Expats reconsider living in Beijing over pollution
  3. Boston bombings underscore U.S. security concerns
  4. No winner in competitive currency devaluation
  5. Terrorism knows no boundaries
  6. Asia to pull through the high-risk period
  7. Austerity: Why a simple idea isn’t so simple after all
  8. US 'pivot' policy destabilizing Asia-Pacific region
  9. Quick Comment: 3 meanings of Boston blasts
  10. Great wisdom needed to push Sino-US ties

What’s happening in China

A father posed nude at an art studio, to raise money for his children's medical expenses

  1. Zoo steps up disinfection efforts
  2. From Gangnam to 'Carrier Style'
  3. 6 dead after C China ship capsizes
  4. Mainland, Taiwan share H7N9 strain
  5. Transgender woman sues for right to marry man