UFS

China's export growth in August four-month high

According to " Beijing News " reported that China Customs released the latest data show that in August this year, China 's foreign trade continued to show a stabilizing trend. The month in which export growth in nearly four months since the new high import growth in July compared slight pullback .

Data show that in August this year, Chinese import and export value 3,527 million, net of exchange rates , the growth rate of 7.1% . Which exports topped $ 19 billion mark this year , reaching 1,906.1 billion U.S. dollars, the growth rate of 7.2% , for the second consecutive month of positive growth , year on year growth rate also hit a new high since May of this year. Imports 1,620.9 billion, year on year growth of 10.9 percent from July slowed to 7%.

Bank Financial Research Center researcher Chen Hu Fei believes that continued strength in exports that month by the second half of the northern hemisphere First developed economies, consumption and production activities become more active in promoting the positive trend continues , meanwhile, in August this year, the state has adopted a series of policies for the promotion of foreign trade export enterprises to provide support.

In July, the State Council promulgated involves promoting trade facilitation reforms , fiscal and financial support package , intended to help businesses by reducing transaction costs , improve customs clearance efficiency to " stabilize foreign trade ."

The import side, although he believes the growth rate dropped slightly, but still maintained a high rate of growth , which is the main benefit of the State Council after intensive introduction of " steady growth " policy of " structural adjustment " push.

Customs data also show that the month of China 's major trading partners and the general growth of bilateral trade , but Japan's imports and exports will continue to decline.

That same month, the Sino-Japanese bilateral trade totaled $ 26.17 billion , down 6 %, is the largest trading partner of the top 10 only the import and export value fell . The first seven months of this year , Sino-Japanese trade volume fell by 8.8%.

Earlier, the Ministry of Commerce spokesman Shen Danyang has continued to decline on the Sino-Japanese trade , said this is the result of many factors : the mainly due to the weak U.S. and European markets , China's imports from Japan to reduce related raw materials and components ; impact of the depreciation of the yen as well as the Japanese government and some politicians had the wrong words and deeds on China-related issues seriously hurt the feelings of the Chinese people , resulting in decreased Japanese cars, appliances and parts and other goods exports to China ; Chinese exports to Japan .

For this year, the overall situation of foreign trade , Minister of Commerce Gao during the Group of Twenty (G20) summit, the leaders of the eighth , held recently in St. Petersburg, Russia , said , confident of the annual foreign trade growth of 8 percent target.

This year from January to August , China's total foreign trade of $ 2.7 trillion , an increase of approximately 8.3 % over the same period last year .

Gao said the downturn in the world economy , international trade downturn in the background, China import and export growth of more than 8 percent can be hard-won . At the same time , the quality and efficiency of foreign trade development has been rising, the market structure and product structure to achieve further optimization. With the economic recovery in developed economies strengthen the body , to accelerate the pace of China 's foreign trade transformation and upgrading , promote effective policies and gradually , after months of imports and exports this year is expected to further stabilization and recovery .