Ministry Of Commerce: If Exports Are Subject To Greater Impact, Adjustments Will Be Made.

The Canton Fair, known as China's barometer of foreign trade, opens in Guangzhou on schedule.

At the Canton Fair, Chen Deming, Minister of Commerce, said: "now China's economic exportation degree is very high, and China's foreign trade exports fluctuate by one percentage point, which will affect the employment of one hundred and eighty thousand to two hundred thousand people in China.

At present, the downward trend of the world economy and the rise of CPI have a greater impact on China's commodity exports.

However, from the statistics of the first quarter of the General Administration of customs, China's exports are still in a reasonable range.

According to the latest statistics from the customs, China's total exports amounted to US $three hundred and five billion and nine hundred million in the first quarter, an increase of more than five percent over the same period last year, and the surplus was eleven percent lower than that of the same period last year. In the first quarter, China's export growth in the top export markets was the lowest, only five point four percent.

"At present, China's foreign trade and import and export situation is relatively ideal, and there is no need to panic too much."

Talk about the factors that affect the export of Chinese enterprises.

Chen Deming pointed out that, first of all, the most important problem is the increasing international economic instability, including the impact of the US subprime mortgage crisis on European and American finance, the impact on the US market and consumer confidence in Europe and the United States.

Secondly, international CPI has been on the rise, and China is facing the problem of CPI import rising.

As resource products, including ore resources, prices of rigid consumer goods such as international oil and steam and grain prices are soaring, they will play a conductive role in a long period of time, affecting the prices of resources and products, and will also have a great impact on China.

Because entering the globalized China, it is impossible to completely cut off the world economy and trade.

Third, some domestic factors will affect the export of Chinese enterprises.

This includes the change of the RMB exchange rate. Now the RMB has broken through the "seven" barrier to the US dollar, making the export cost of the enterprises increase. Last year, China adopted a series of macro-control measures, which reduced the export tax rebates for some export commodities, increased the tariffs of some products, and increased the export costs of some of the products; however, the changes in some laws and regulations, the increase of labourers' income and the increase of the employment cost also had an impact on exports.

The combination of so many factors has an impact on the export of enterprises.

Chen Deming said that in the first quarter, China's exports to emerging countries, Europe and Japan increased and exports to the United States decreased significantly.

From the perspective of commodity structure, it mainly affects the textile industry, clothing industry, bags, shoes, toys and other industrial exports which contain more labor and employment, but has not yet reached negative growth.

At present, the overall situation of China's import and export is still good. The Ministry of Commerce will observe the situation of China's foreign trade export every month. If the export has a greater impact, the state's macroeconomic regulation and control policy will be adjusted according to the situation.