According to the China Ministry of Commerce of 1 November release of the Chinese foreign trade situation report (2010 autumn), 2010 China import and export volume is expected to be approximately $ 2.8 trillion, the growth of 25% over last year, better than expected at the beginning of this year.
The first three quarters of this year, China's imports and exports total past 2.15 trillion, an increase of 37.9%. The report finds that the current world economy in General is still in recovery channel, China's domestic economy to further consolidate good momentum, as the Chinese year after few months foreign trade continues to grow to create a good environment.
The report also noted that, as a world economic recovery has been a significant slow-down in the momentum, external demand growth with limited space, combined with the appreciation of the Renminbi pressure increases, the China enterprise production and management of pressure rise and other adverse factors, it is expected that this year the four quarterly China foreign trade continues to grow, but the year-over-year growth rate will continue to fall.
For next year China foreign trade situation, the report pointed out that external factors of uncertainty still more, economic factors and non-economic factors intertwined, the domestic factor cost is continuing to rise, businesses operating pressure increases, the situation is not optimistic. Expected 2011 China foreign trade will continue to maintain growth, but growth may decline.
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