China'S Trade Surplus Will Drop Sharply In 2010.

Yao Jian, spokesman of the Ministry of Commerce, said on the 17 th that China's trade surplus will drop sharply this year on the basis of 290 billion US dollars in 2008 and 190 billion US dollars in 2009.

The Ministry of commerce is building a long-term policy to promote consumption growth. It will start a revision of the directories of foreign investment industry and further expand the field of opening up.

In a news conference held on the same day, Yao Jian said that the cumulative surplus of China's foreign trade from 1 to April this year was 16 billion 100 million US dollars, compared with 75 billion 200 million US dollars in the same period last year. During the same period, the import growth rate was about 1 times higher than the export growth rate.

These two figures have laid the foundation for China's import and export balance in the whole year.

The monthly import and export data will basically linger around the balance point this year, which will create a better condition and foundation for the implementation of China's macroeconomic policy.

Yao Jian pointed out that China has been consuming consumption as an important driving force for economic growth for many years. After the financial crisis, a number of policies and measures to stimulate consumption have been introduced.

In the field of circulation, the Ministry of commerce is further normalizing the short-term and short-term policies that have been introduced to stimulate the economy, and building a long-term policy to promote consumption growth.

Speaking of foreign investment, Yao Jian said that the Ministry of commerce is formulating the work plan for implementing the State Council's "opinions on further improving the utilization of foreign investment". It will initiate the revision of the catalogue of foreign investment industry guidance, further expand the scope of opening up, revise the provisions of foreign investment in establishing investment companies, encourage multinational companies to set up functional institutions such as regional headquarters and R & D, procurement and profit accounting centers in China; improve the supporting policies of R & D centers; formulate development plans for service outsourcing; intensify supporting policies and financial support to revise the guidance catalogue for foreign investment in the central and western regions; reduce and delegate approval matters; improve laws and regulations, encourage venture capital and private equity investment.

For the United States that it will relax export controls, Yao Jian said that this is for the sake of the interests of the United States itself, and is the necessary means for the United States to expand exports and increase employment. It will also ease the US trade deficit and trade imbalance, and at the same time help expand the scope of Sino US cooperation.

He hoped that the US export control reform could be treated equally without discriminatory measures against China.

For the Greek debt crisis, Yao Jian pointed out that although the trade between China and Greece is not large, the overall economic situation in Europe will also be dragged down by the Greek sovereign debt crisis.

Because the EU is China's largest export market, accounting for 16% of China's trade, the debt crisis will have an impact on the export of China as a whole.

As of May 14th, the yuan has appreciated 14.5% against the euro this year, which will cause huge cost pressures to China's exporters and will have an impact on trade policy adjustments.