China foreign trade need to deal with the US dollar and global commodity price shocks

Department of Commerce Minister Chen Deming 26 visits 108 fair, the world economy whilst entering the recovery process, but multiple indications, the recovery process is slow, complicated and fragile, where there is a lot of uncertainties. He noted that the general interest at the market exchange rate fluctuations, raw material and labour costs and other factors, the China external trade is needed in the face of United States currency "out of control" and the global commodity prices rose sharply, and other major challenges.

Canton fair is regarded as a barometer of the Chinese foreign trade and the citizenry. In recent years, to attend the Canton fair, and the Enterprise Forum and a close understanding of reality, and has become the routine work of the "Chen Deming." On the day of the inspection, he visited a large number of exhibitors booth, aware of the current total turnover since the opening of the trade fair is more than 250 billion, up 11 per cent of the previous year.

"Although merchants to be seen, but turnover rising, this indicates that the ratio of valid merchants is increased, the global economic recovery, however, this recovery process is convoluted and complex. "He said.

In this Canton, Chen Deming focus to exhibitors understand labour prices, raw material prices and exchange rate increases on the impact of foreign trade enterprises.

"The present situation, enterprises have to exchange rate changes, labor prices and other factors to consider and prepare in advance. "Chen Deming said," but because the dollar issuance is not controlled as well as international commodity prices continued to rise, is giving China imported inflation shock, currently the problem caused by the uncertainties caused by the difficulties to the enterprise. ”

"However, our company is also actively considering the responses to these factors, I believe that next year, China's exports remained stable growth in imports of a relatively large increase. "Chen Deming says.

Chen Deming also said, "the twelve five" period, China's foreign trade development approach focuses on structure, quality, technology, standards, restructuring, at the same time, the Department of Commerce will also help foreign trade enterprises gradually entered the domestic market.

"Believe that after several years, particularly in" 12 five-year plan "period, China's foreign trade structure will change and improvement, and foreign trade market will be integrated. In my opinion, the future of China's domestic markets will significantly exceed Japan to become the world's second largest domestic market. ”