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State Customs: China's Exports Growth Hardly to Exceed 8%
Statistics from the Customs show that from January to June this year China's two-way trade hit a total worth of US$241 billion, up 11.3 percent over the same period of 2000. Exports report a value of US$124.57 billion, and imports, US$116.43 billion, up 8.8 and 14 percent respectively over the same period the previous year, giving a trade surplus of US$8.14 billion.
Although foreign trade in the first half of 2001 is passable, some economists warned that despite an 8.8 percent export growth in the first six months, the increase tendency mostly results as the inertia of export growth in late 2000. The export volume actually is declining month by month. In June, export even reported a negative growth.
Foreign trade in the second half of this year will be in a much more severe situation. Anyhow, when facing a languishing world economy and on the basis of the high cardinal number of export growth last year, it is really not bad to maintain an 8-percent growth and report a surplus in frequent items.
By PD Online staff member Du Minghua
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