Tuesday, December 21, 2010

In the first half of China's trade surplus down 42.5 per cent year-on-year

In the Department of Commerce's annual press conference, spokesman Yao Jian tell Chinese and foreign media, in the face of crisis, China has maintained a market opening, a significant decline in trade surplus in the first half, while some blame other countries ' national protectionist tendencies are becoming increasingly apparent.

From the overall figures, since the first half of the effective implementation of the import promotion policies, the Chinese imports increased 52.7%, higher than the export increase 17.5%. A significant decline in the overall trade surplus, 553 million trade surplus in the first half of last year to reduce surplus 409.1 billion, a decrease of $ 42.5%.

But Yao Jian, although China's foreign trade in first half of last year a lower base on rendering rapid recovery, but protected by domestic and international factors influence of superposition aggregation, the second half of the foreign trade situation is not optimistic about the whole year is expected to be rendered "descending".

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