The Ministry Of Commerce: The Export Situation Is Not Optimistic &Nbsp, The Trade Surplus Will Drop Sharply.

Although the export figures in April exceeded the market expectations, Yao Jian, spokesman of the Ministry of Commerce, pointed out at a press conference 17, that the current export situation is not optimistic. This year's trade surplus will drop sharply on the basis of 290 billion dollars a year ago and 190 billion dollars last year. China's balance of payments situation will be improved.

The balance of foreign trade and import will be balanced throughout the year.

Yao Jian said that the cumulative surplus of China's foreign trade from 1 to April this year was US $16 billion 100 million, compared with us $75 billion 200 million in the same period last year. During the same period, the import growth rate was about 1 times of the export growth rate.

These two figures have laid the basic state of the balance of import and export in China's foreign trade throughout the year.

That is to say, the monthly import and export data will linger around the balance point this year, creating a better condition and foundation for the implementation of China's macroeconomic policy.

In addition, Yao insists that enterprises are generally cautious about the current trade environment.

The 107th Canton Fair, which was not long before, showed that although the paction was resumed growth, it was still far below the pre crisis level, and the turnover decreased by 10.3% compared with the same period in 2008.

Timely improvement of foreign trade policy

For Greece's sovereign debt crisis, Yao Jian pointed out that although the trade between China and Greece accounts for only a small proportion of trade between China and Europe, 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.

He also believes that this year, as of May 14th, the yuan appreciated by 14.5% against the euro, which caused enormous cost pressures to China's exporters and also had an impact on the adjustment of trade policies.

"We will pay more attention to the situation of sovereign debt crisis and improve China's foreign trade policy in a timely manner."

Yao Jian said.

Non financial foreign direct investment in April, US $11 billion 400 million

According to Yao Jian, in the 1-4 year of foreign direct investment, investors in China made direct investment in 1305 overseas enterprises in 103 countries and regions in the world in this year. The total amount of foreign direct investment in non-financial sector reached 11 billion 400 million US dollars, of which the investment in April was US $3 billion 880 million, a 35.7% increase from last month.

In 1-4 months, direct investment in the form of acquisition amounted to US $2 billion 500 million, accounting for 22% of the total investment in the same period.

Local foreign direct investment has increased rapidly, with a total investment of US $4 billion 370 million in 1-4 months.