Latest News:  


Foreign trade growth target difficult to reach: MOC


14:22, June 18, 2013

BEIJING, June 18 (Xinhua) -- China will have to overcome many difficulties in order to achieve the 8-percent foreign trade growth target set for 2013, Shen Danyang, spokesman for the Ministry of Commerce, said Tuesday.

The sharp slowdown in foreign trade growth seen in May reflects the grim and complicated trade outlook for 2013, Shen said at a press conference.

China's foreign trade growth slowed sharply in May, partly due to government rules to curb capital inflows disguised as trade payments.

Exports inched up just 1 percent year on year to 182.77 billion U.S. dollars, while imports declined 0.3 percent to 162.34 billion U.S. dollars, according to customs data.

Shen said the rising yuan and weak external demand have negatively impacted exports, citing a survey of more than 1,000 companies that account for roughly 8 percent of China's total exports.

Some 73.4 percent of respondents blamed the rapid appreciation of the yuan for decreasing export demand, while 72.6 percent cited subdued overseas demand as a major contributor to the slowdown, according to Shen.

Around 83.7 percent reported narrowing profits, with average profit margins for the surveyed companies coming in less than 3 percent, Shen said, adding that their struggles will have a negative impact on exports in the following months.

Regarding imports, Shen pointed out that soft strength in the domestic economy and slumping international commodities have limited import growth.

"Generally speaking, China's foreign trade growth outlook this year will be relatively severe," he said.

We Recommend:

Fortune Global Forum's guests visits panda

China calls for dialogue after EU solar panel duties

China-South Asia Expo opens in SW China

Huawei launches flagship smartphone Ascend Mate

3D printing gallery opens in Chongqing, SW China

White collars setting up stalls become popular

B787 Dreamliner misses maiden voyage in China

Computex Taipei 2013 exhibition kicks off

12 Asian business women: Intelligent and beautiful

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

Leave your comment2 comments

  1. Name

88 at 2013-06-1872.42.143.*
tick tock, tick tock, tick tock goes the clock...
Wende at 2013-06-1898.109.105.*
Appreciating RMB amidst devaluation from the currencies of EU, US, and Japan is the main reason.

Selections for you

  1. Training for key operators of new UAV concludes

  2. Panamanian,Colombian army joint to fight drugs

  3. Refugees at UNHCR registration center

  4. Five hurt in stampede when Beckham arrives in Shanghai

  5. Searing heat wave sweeping China

  6. A ‘post-90s mom' and her 11 kids with autism

  7. Wedding dream shines on graduation day

  8. Weekly sports photos (6.14-6.21)

  9. Top 10 luxury villas of China in 2013

  10. Tibetan carpet exposition kicks off

Most Popular


  1. Obama's deeds more important than his words
  2. Social media lures us to throw away privacy barriers
  3. What has the Prism program taught us?
  4. China to sustain prudent monetary policy
  5. SG sees strong China growth momentum
  6. Does China need to consume more?
  7. Chinese audience expects good stories
  8. Moody's warns on China's local government debt
  9. Political solution the only way out for Syria crisis
  10. GM influx a dilemma for consumers, farmers

What’s happening in China

Rehab helps prepare for life after addiction

  1. Chinese billionaire buys 007 UK yacht maker
  2. Boy, 5, dies after hours alone in bus
  3. Civil discourse lacking in raucous social media
  4. New driver kills herself and husband while parking
  5. Thunderstorm strands 14,000 in Chengdu airport