Annual high-tech trade fair held in Shenzhen to Shenzhen's economic recovery has laid a solid foundation. According to the Shenzhen Customs statistics, in May this year, with Shenzhen realization of foreign trade and exports 163.9 billion, an increase of 4% 39.2 month growth accelerate 18.4 percentage, 4 consecutive months exports refresh monthly, with the highest value, high-tech exports increase dramatically, becoming a major bright spot.
Customs statistics, the first five months of this year, with Shenzhen cumulative imports worth $ 1171.8 billion, up 26.5%, for the same period of the total value of China's import and export; where 10.7% export 675.7 billion, an increase of 19.5%, compared with previous 4 months growth accelerate 5.2 percentage, representing over China's exports of 11.9%; import 496.1 billion, an increase of 37.6%.
It is understood that, as the international economy bottomed out, external demand pick-up is near Shenzhen foreign trade or larger main reasons, United States with the new order in may increase, decrease inventory levels, improve the employment situation is that the market of a pick-up in external demand.
From customs statistics, on the one hand, the 5 month by month of Shenzhen export processing trade continued to accelerate growth, achieving 45.1% growth, promoting the first 5 months of total export value of processing trade 368.9 million, an increase of fast-growing 16.5%, compared to 4 months prior to the rapid growth of 7.2 percentage points, to maintain the city's largest export mode status. General trade, it is the first 5 months of accumulated 401 billion u.s. dollars, exports and imports growth 36.5%, higher than the overall increase of 10 percentage points, performance is better than overall.
On the other hand, exports to European and American markets accelerated warming. The first 5 months of Shenzhen on the United States and European Union export 105.6 billion respectively, 96.6 billion, an increase of 11.2%, 24.3%, a growth rate of the first four months were accelerating 6.6 percentage and 3.1 percentage points, to show the city on the Western markets are progressively warmer; over the same period, the total export value of 37.3 's biggest trading partner in Hong Kong Export 252.1 billion, an increase of $ 22.7%.
The State encourages industrial upgrading, promotion of industry structure-guided, Shenzhen export hi-tech products in May (some varieties and electromechanical products have overlapping) 86 billion, an increase of 48.1% higher than the current month overall export levels 8.9 percentage involving electronic technology, computer and communication technology products exports increase in more than 40%, optoelectronic technology product exports increase 1.1 times. High-tech products increases significantly, indicating that the Shenzhen export structure adjustment achieved certain results, high-tech and high value added, exports and magnitude as Shenzhen export transformation, from "export large city" to "export strong city" development has laid a solid foundation. In addition, the first 5 months of the city's export 517.9 billion, an increase of 21.9% increase over the previous four-month accelerated 5.2 percentage points for the same period the city 76.6% of the total value of exports.
Concern is that the recent European sovereign debt crisis has spread, on the European economy has caused negative effects. Due to the current exchange rate of RMB float main pinning of the euro against the US dollar, US dollar exchange rate has dropped significantly, causing the RMB has actually been "passive appreciation". European sovereign debt crisis on the economic impact is not yet evident, once again hit bottom, market demand sags, plus the Renminbi against the euro "passive appreciation", the domestic exports, especially in the traditional labour-intensive products on the European markets have serious impact.
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