Saturday, January 1, 2011

China's trade surplus will continue to reduce

Department of Commerce press spokesman said yesterday that Yao Jian, 2010 China's trade surplus decreasing trend would not change, export growth will continue over the next few months. He said that in promoting exports become the consensus of the background, China will continue to promote imports.

The import of raw materials and industrial equipment will continue to increase

Department of Commerce yesterday held monthly routine news conference, Yao maintains that the China brand goods, energy-saving environmental protection technologies demand continued to increase, income growth, both of Chinese import demand provides basic protection; at the same time, China will continue to remain as a manufacturing base in the pattern, Germany, Korea, and other raw materials and industrial equipment imports continued to increase.

According to the trade surplus structure and related data and analysis, Department of Commerce, in the next few months, China's export growth will continue to fall. According to statistics, since may, the Chinese single export growth in three consecutive monthly declines of around 5%, year-over-year monthly export increase respectively 48.5%, 43.9 38.1 percent.

Yao Jian said that in order to further expand imports, China from 2010 on 1 July step-by-step on LDCs zero tariff treatment; has organized ten trade mission to Europe, America, non-conducting trade promotion activities.

July, a significant increase in FDI attracting foreign investment continues recovery

According to the latest statistics, u.s. Department of Commerce, 7 months, the new batch of foreign-invested enterprises 2082, 12.85%, the actual use of foreign capital 69.24 billion, an increase of 29.2% from 1 to 7 of this year, the amount of actual use of the foreign country 583.54 billion, an increase of 20.65%.

Yao Jian said the previous two months my monthly attracting foreign capital has more than 20 per cent increase in foreign investment in China, has entered a sustained recovery phase.

Since last August, China foreign investment has 12 consecutive months to achieve growth. Earlier prediction that, along with the Ministry of Commerce and foreign economic situation and further to the good, the future of foreign investment in China will continue to maintain growth.

■ Focus reading

≫> focus 1

7-57 kinds of necessities rise 7%

The Commerce Department announced yesterday, July consumer prices rise, the Department of Commerce focus monitoring of 57 main necessities prices rose 7%, or more than 6 month expanded 1.2 percentage points. First of all, 18 kinds of vegetables, and eggs average wholesale prices year-over-year rise 49.7% respectively and 9.3% increase respectively in June and expanding 13.7 8.8 percentage. The second is fresh pork prices continue to rise. In the national collection and storage of frozen pork and hogs decline, pork prices start to rise again. Third, the rising food prices and more. The month of July, the Department of Commerce monitoring of small packing rice retail prices rose 7.6% ring than up 0.6%; small packaging flour prices 5.0% of retail, chain and basic fair in June.

≫> interpretation · mainly affected by market supply and demand and the impact of natural disasters

Yao Jian pointed out that the prices of some commodities, especially in the price of some vegetables, from the Department of Commerce, the competent authorities of the domestic market of the analysis, the main reason there are two aspects: one is the underlying cause, that is, changes in market demand and supply. In particular, the market supply and demand of agricultural products and fish planting of change is the cause of the underlying price changes. This year, due to weather and other natural disasters, further exacerbate the fluctuation in the price, this is the basis of the judgment.

For hoarding behavior, Yao Jian said, we note that the competent authorities of the State price has taken some measures to regulate the activities against a portion of the sale will be further improved.

Yao Jian said, for agricultural products, the Department of Commerce and agriculture will take a series of measures, including the transportation in the North and the South, including Hainan and part of the southern region of the establishment of vegetable supply base.

≫> focus 2

China enterprise to win the "double-reverse" lawsuit

Chinese tire export enterprises in the United States market experienced two years of the "double-reverse" punitive tax rates, the United States Court of international trade, August 5, in respect of this ruling, the United States Department of Commerce, at the same time collecting identifying anti-dumping duties and countervailing duties of malpractice, double taxation, the judgment of the United States Department of commerce must stop China tire levy of countervailing duties.

≫> interpretation · beauty on my "double-reverse" survey is no sense in

"The United States for China's ' double-reverse ' survey of China's enterprises a discriminatory measure, United States Department of Commerce in law with a well-defined circumstances, continue to implement the ' China Tire exports double-reverse ' investigation is justified. "Yao Jian said yesterday that the United States, United States Department of Commerce, the International Court of Justice rejected the decisions of the United States Department of Commerce, China International Court welcomed and appreciated. "Double-reverse" is an investigation on Chinese enterprises of a discriminatory measure, which means that the United States have specific provisions, the countervailing measures applicable to a class like China was United States labeled "non-market economy countries," label. United States Department of Commerce in law with a well-defined circumstances, continue to implement the "Chinese Tire exports double-reverse" investigation is justified, the United States Court of international trade is an impartial judgment, we affirmed. We also urge the US side of the investigating authorities to further compliance with laws, to correct some errors.

≫> focus 3

Japan-China's GDP into second

China in 2010 more than Japan in the second quarter of the world's second largest economy, Japan official confirmed the news. Japan's second-quarter GDP was $ 1.28 trillion, China's second-quarter GDP 1.33 trillion.

≫> interpretation · China's per capita GDP is only ranked World No. 105-

"We have to care about the number of per capita GDP

It was, overall, China is still developing. "It is widely reported news, Yao Jian said yesterday that the GDP data only national economic strength on the one hand, we not only want to care about GDP data, the data you want to care about people, we all know that China's GDP per capita, only $ 3800 in global top approximately 105.

"The Chinese have 1.5 billion people do not meet the United Nations day dollar income standards, this is the reality of China. It more accurately reflects the reality of China, China is a per capita GDP in 100, there are a large number of poor people in developing countries. "Yao Jian said, even according to the Chinese per capita income of $ poverty standard line 1300, there are over 40 million people do not get out of poverty, this is the reality of China.

Yao Jian went on to say: "these are merely manifestations in the data level, in fact, the deeper is the quality of China's economic development has yet to be improved, whether it is the quality of life of people, or in the field of science and technology, environmental protection, there is still a huge gap in economic development, social development of the area is still relatively backward, in education, culture, health and other areas, we still have a big space for development, in the back of these factors is the reality of China, the need to strengthen our economic authorities, promoting China's economic quality, improve the quality of life of the people to do more work. ”

≫> focus 4

Department of commerce international trade negotiators

Department of Commerce Web site for the latest news that the approval by the Central, the Ministry of international trade negotiator (Ministerial, serves as the Vice Minister of Commerce) 1, the Deputy Minister of international trade negotiations Deputy represents 2 (one of whom serves as the Vice Minister of Commerce). Recently, the State Council appointed the Vice Minister of Commerce, international trade, Gao Hucheng as negotiator (ministerial), Zhong Shan also serves as the Department of Commerce's international trade negotiations, Deputy Representative, Chong Quan to Department of Commerce's international trade negotiations, Deputy Representative (Deputy Minister).

≫> interpretation · will be responsible for the foreign trade area negotiations

Yao Jian said the negotiator's primary responsibility is authorized under the State Council, responsible for external economic participation in the international economic process of significant and multiple bilateral negotiations, with responsibility for coordinating national negotiating positions. This work is the State of the file explicitly authorized, it is important, mainly in three respects.

First of all, it is further open to participate in the global economy, participation in international economic and trade activities confidence continues to improve performance. In the beginning of reform and opening up, our share of global trade is only 0.5% last year, the share of global trade has reached 9.5% of global trade as a share of great promotion. In this context, China is not a need for further opening up to the kind of attitude and to participate in the opening to the outside world, the idea is that we need to reflect on the issues. We need to further strengthen coordination with the WTO rules and to further improve China's open concept and opening up policy.

Secondly, the recent international economic and trade negotiation activity growing, worldwide, bilateral economic and trade activities of the international increase worldwide free trade area negotiations over the past few years has dramatically increased. Participation in global trade integration process, in order to further accelerate the process for the United States, Europe, represented countries are beginning to participate in bilateral free-trade area negotiations. Major activities to increase the strength of the needs associated with that in other countries have similar positions.

Third, the Department of Commerce is not responsible for the trade and investment promotion, is also responsible for the maintenance of Chinese enterprises in the legitimate rights and interests overseas. Through the establishment of international trade negotiations on behalf of the mechanism, is further strengthening this aspects of work and maintenance of Chinese enterprises in overseas trade and investment activities of interest. Related rules we are developing, will soon be operational.

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