Department of commerce international economic trade Dean Joel nation-18, in "the financial crisis and the economic recovery," after a press conference, said that the European sovereign debt crisis for China's foreign trade in the more serious. In May-June, and the reaction of the third quarter, China will be more obvious on EU export growth rate may decrease 6%-7%.
Joel's founding was of the view that the impact of the crisis on exported mainly from the effect on the stability of the euro.
This year, the cumulative renminbi appreciation against the euro 14.5%. The EU as the country's most important export market, the most important trade partner among the 5 months currency appreciation 14.5%, will give the Chinese exporters enormous cost pressures on trade policy adjustments.
"4 months, China's exports to Europe's growth is also maintained at 25%, but this kind of response might be delayed. In 5-6 months, particularly in the third quarter will be more obvious reaction may be reduced by 6-7 points. "Hora Jianguo noted that affected export enterprises may be mainly Mechatronics enterprises, because exports of electromechanical products accounted for more than half.
In addition to the exchange rate, press spokesman for the Department of Commerce, Yao Jian also considered that influenced by the eurozone sovereign debt crisis, financial markets and the stock market fluctuations, due to the relatively large market confidence, in turn, delay the process of global economic recovery. Due to the overall economic situation in Europe would be a drag on sovereign debt crisis, the EU as China's largest export market, the situation will also be affected, thereby affecting exports to China.
The Secretary-General of the China international economic and Exchange Centre, Ministry of Commerce, former Deputy Minister Wei Jianguo 18, at the seminar said that China's trade surplus this year will not exceed $ 50 billion.
January-April cumulative surplus of 161 million, an increase of nearly 8% drop in the same period last year is 752 million. Yao Jian said that this year's trade surplus in the year before last year 1900 2900 million, billion, based on a substantial drop in China's international balance of payments situation would improve.
In addition, Wei Jianguo also said China on the ASEAN countries, Russia, India and other emerging market export growth in the overall growth rate higher than quickly, on the European Union, the United States and Japan and other developed economies exports. The future will be the economic and trade cooperation between China and the developing countries the best period.
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