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MOFCOM: Import And Export Trade Surplus Continues To Decrease

2010/8/18 19:25:00 47

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Yesterday, Yao Jian, a spokesman for the Ministry of Commerce, told reporters that the shrinking of domestic demand would not appear, import and export.

Trade

The trend of a sustained decrease in surplus will not change.

28 billion 700 million US dollars, China's foreign trade surplus in July has created a high point since February 2009.

This is another new high since April.

At a regular press conference held yesterday at the Ministry of Commerce, Yao Jian stressed that since May, the monthly growth rate of China's exports has declined for three consecutive months.

According to the analysis of the trade surplus structure and the main leading index, the Ministry of Commerce judged that the export growth rate in the next few months will continue to fall.

Yao Jian pointed out that from the perspective of overall economic development, expanding domestic demand is one of the first targets of China's economic policy, so the basic pattern of domestic demand supporting economic development will not change.

Import and export trade is only part of the "three carriages" of China's economy (including investment and consumption).

Referring to the relationship between foreign trade policy and macro policy, he stressed that the foreign trade policy in the second half of this year will remain stable.

Foreign trade policy will be subordinated to the macroeconomic policy.

On the expectation of surplus,

Yao Jian

To reporters, the income growth of Chinese residents and the import of some brand goods will continue to increase, which will provide basic protection for imports.

At the same time, China's manufacturing base will not change in the future.

As a big importer of raw materials and large equipment, China's future imports to Germany, Japan and Korea will continue.

According to the news, the Ministry of Commerce will further expand the discount policy on imports to balance the trade surplus. Yao Jian told reporters that this policy has always been there, and there are also related industry guidance catalogues.

Yao Jian stressed that the overall trade policy in the second half of this year will be clear and stable.

"All our policies are aimed at improving the overall quality of China's economy.

This also includes the export tax rebate policy.

Ministry of Commerce

According to the published data, China's actual use of foreign capital in July was 6 billion 924 million US dollars, an increase of 29.2% over the same period last year.

In the first 7 months of this year, China's actual use of foreign capital amounted to US $58 billion 354 million, an increase of 20.65% over the same period last year.

Yao Jian said at a press conference that in the past two months, China's monthly absorption of foreign capital has increased by more than 20%, indicating that China's absorption of foreign capital has entered a stage of continuous recovery.

Since August last year, China has been absorbing foreign capital for 12 consecutive months.

Previously, the Ministry of Commerce predicted that with the further improvement of the domestic and international economic situation, the utilization of foreign capital will continue to grow in the future.