免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China's export growth slows down

By Diao Ying (China Daily)
Updated: 2008-07-11 07:31

Latest official figures show China's export growth slowed in June as a result of the shrinking demand caused by the global economic slowdown and the mounting pressure on Chinese manufacturers because of yuan appreciation and high raw material costs.

The Customs said on its website Thursday that the trade surplus in June fell by 20.6 percent to $21.35 billion. Exports for last month went up by 17.6 percent, much slower than the 28.1 percent rise in May.

Experts estimate the export slowdown may continue in the next half of the year, forcing the government to reconsider certain export-related policies.

Sun Mingshun from Lehman Brothers said the falling export growth is caused by the rising labor and raw material costs, and the government's tightening policies adopted since last year. On top of these, "the unfolding global economic slowdown is rubbing salt into the wound", said Sun, who estimates that export growth will continue to slow in the months to come.

Ma Xiaoping, an analyst with HSBC, said the figures would raise people's expectations on favorable government policies for export sectors. For instance, the textile industry has called for a rise in export tax rebate.

China has since last year lowered or even removed the export tax rebate of some products to curb the trade surplus. But some sectors are struggling as a result of a global slowdown, yuan appreciation and rising operating costs, hampering exports anyway.

Wang Jianhui, an analyst from Southwest Securities, said Chinese enterprises are still weak in deciding prices in the world market, but policy adjustments can only work well in the short term as the transfer of low-end manufacturing businesses is the trend.

The EU remains China's largest trade partner, followed by the US. The trade between China and India is increasing the fastest among China's major trading partners. The bilateral trade stands at $29 billion, up 69 percent.

The Customs figures also show the imports of primary goods increased fast, partly because commodities in the international market are getting more expensive.