Tuesday, February 22, 2011

In the first half of the Chinese Ministry of Commerce: confronts 38 up trade remedy investigations

Beijing, 20 Jul press spokesman for the Ministry of Commerce said today that Yao Jian, current foreign trade situation remained severe, the whole year is expected to complex foreign trade will be presenting "descending" trend. Domestic and international factors overlay aggregation, late foreign trade development situation is not optimistic.

Brazil, India and other emerging economies begin to tighten monetary policy. As the crisis after the inventory process of phasing, China's export market in the future, further expansion of the space is limited.

In addition, a significant increase in the cost pressure. According to the enterprise, the first half of the cost of raw materials rose by about 20%-30%, labor costs rise to varying degrees. Trade conflict situation remains dire. The first half of this year, China had suffered trade remedy investigations 38, plus the first two years of high incidence of case decisions continue to perform, more cases of cumulative effects on some time to come the impact of export cannot be underestimated.

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