China'S Export Growth Will Slow In The Next Few Months, And The Trade Surplus Will Further Expand.

China's Daily News reported on July 22nd: Commerce Ministry officials said Thursday that the growth of China's exports will slow down in the coming months, but China's monthly trade surplus will expand further.

Zhang Ji, director of the Department of electrical and technology industries of Ministry of Commerce, said that at the moment of more complicated and severe trade situation at home and abroad, the trend of foreign trade export is downwards. There may be difficulties for some exporters in the future, and some may even face the risk of bankruptcy.

In the first half of this year, China's export volume increased by 24% to $874 billion 300 million in the first half of the year, down from 35.2% in the same period last year, and China's foreign trade volume increased by 25.8% to $1 trillion and 700 billion in the same period.

Over the past few months, the growth of China's exports has been declining, and its growth rate has dropped from 37.7% in January to 17.9% in June.

Zhang Jicheng: "from the customs data should be good, but in-depth analysis, has released the important signal of the tight foreign trade environment, the whole trend is downward."

Zhang Ji said at the same time.

"The export of the entire foreign trade is the trend of the former and the latter. Some enterprises may have some difficulties.

It's normal to die a lot. "

Yao Jian, a spokesman for the Ministry of Commerce, said at a recent press conference that the Chinese government would take a series of measures to stabilize exports, such as export tax rebates, financial and credit insurance, based on the consideration of export decline in the second half of the year.

Recently, there are reports that some textile factories in Dongguan are at risk of closure.

Zhang Ji said that the future may not exclude the possibility of some enterprises going bankrupt, but it is also a good timing for structural adjustment.

"But most enterprises will survive, and some enterprises will become stronger."

Favorable balance expansion

Despite the decline in China's export growth, Zhang Ji predicted that China's trade surplus will increase in the second half of the year.

"The surplus is low before and after high," Zhang Ji said.

1 to June, China

In February this year, China's monthly trade deficit was $7 billion 310 million, and its surplus in March turned into a favorable balance. After that, the surplus increased gradually, and in June, the figure reached US $22 billion 270 million.

Wang Tao, China's chief economist at UBS Securities, said that on the one hand, the fourth quarter of China's overseas

In January, China's imports grew by 51%, compared with 19.3% in June.

In addition, because of the slowdown in the economy and the tightening of policies, many people worry that the growth of China's imports will also slow down.

According to a report released on Thursday by the International Monetary Fund, China's main trading partners are worried that China's rapid economic growth is not sustainable and that the Chinese economy is likely to face a hard landing.